Analyzing Wayzata Investment Partners LLC's Q2-Q3 2018 Holdings Changes

Wayzata Investment Partners LLC is a private investment firm that was founded in 2004 by David Williams. The firm is based in Wayzata, Minnesota, and focuses on investments in private and public companies. In this blog post, we will analyze the changes in holdings of the Wayzata Investment Partners LLC fund between Q2 2018 and Q3 2018.

To begin with, let's take a look at the CSV provided. The CSV summarizes the changes in holdings of the fund by providing information on the issuer name, option type, Q2 2018 shares, Q3 2018 shares, Q2 2018 value, Q3 2018 value, and percentage change.

The first issuer name in the CSV is AVAYA HLDGS CORP, which had the same number of shares in both Q2 and Q3, with a slight increase of 10.3% in value. The next issuer name is LAZYDAYS HLDGS INC, which had the same number of shares in both Q2 and Q3 but experienced a decrease of 15.1% in value. Overall, the fund maintained its holdings in both companies but experienced a change in value.

Now, let's dive deeper into the two companies and explore why their values changed.

AVAYA HLDGS CORP is a global leader in digital communications software, services, and devices for businesses of all sizes. In June 2018, the company announced that it had completed a debt refinancing transaction, which involved the issuance of $300 million of 7.375% senior notes due 2026. The proceeds from this transaction were used to pay down existing debt and repay certain other obligations. This debt refinancing may have contributed to the increase in the company's value.

On the other hand, LAZYDAYS HLDGS INC is a recreational vehicle (RV) dealership that specializes in the sales, service, and financing of RVs. The company reported its Q2 2018 financial results in August 2018, which showed a decrease in revenue and net income compared to the same period in the previous year. The company's CEO, William Murnane, cited a competitive pricing environment and increased marketing expenses as the reasons for the decline in revenue and net income. These factors may have contributed to the decrease in the company's value.

In conclusion, the Wayzata Investment Partners LLC fund maintained its holdings in AVAYA HLDGS CORP and LAZYDAYS HLDGS INC between Q2 and Q3 of 2018. However, the value of these holdings changed, with AVAYA HLDGS CORP experiencing a slight increase in value and LAZYDAYS HLDGS INC experiencing a decrease in value. These changes in value may have been influenced by the actions and financial performance of the companies during this period.