Home Forums Hunting & Shooting Hunter's Campfire Remington Bankrupt ??

I have worked for two companies owned by Private Equity firms (like Cerberus) in the past five years. A PE firm's typical M.O. is to bleed as much cash out of the company as possible, "polish the financial books" for a couple quarters and then flip it to another PE firm. Rinse and repeat... Mediocrity is a way of life in a company owned by a PE firm because all available cash is flowing directly to the PE "partner"... Stupid decisions that give a short term boost to cash flow that are not long term sustainable are common.

Think of a giant lamprey eel that is attached directly to your bank account...