How Did Sergio Marchionne Turnaround Fiat Chrysler (NSYE:FCAU)?

Our last video featured Mohnish Pabrai, where he spent some time speaking about Sergio Marchionne and Fiat Chrysler (FCA”) in general. Sergio (who unfortunately passed away this summer) was quite remarkable and we have a still-ongoing quest to find out more about the man that turned multiple companies around (and the only person to have turned two car companies around, being Fiat and Chrysler). We are still building an understanding of the automobile sector, but thought this video was particularly interesting. Here, Sergio addresses several issues.

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Trez Capital Mortgage Investment Corporation (TSX:TZZ) – Who’s Getting That Last Mortgage Payment

In 2012, Trez Capital Mortgage Investment Corporation (“Trez”) raised $230 million dollars to fund a mortgage loan book. The Company chugged along but by 2016 some wanted a change… Since then the Company has been in wind-up mode, with two mortgages left to finish up and some cash. And overall the team seems to have been doing a pretty good job at getting the book down to zero. It was trading below NAV and was expected to be all wound up in 2019 but now two funds are fighting over the scraps!

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