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Joined: Nov 2004
Posts: 7,122 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Nov 2004
Posts: 7,122 Likes: 3 |
after seeing this private equity cycle play out countless times where the company that controls the company just turns into a vampire, one would think lenders would think twice about lending money to places like this and would demand the parent company to "kiss the paper" basically a guarantee to pay from the parent company IE cerebus in this case.
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Joined: Apr 2011
Posts: 12,227 Likes: 11
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2011
Posts: 12,227 Likes: 11 |
I've worked for two PE owned companies. Both started off as successful family owned companies. Both got to some where around $50MM-$100MM in business. Family decides to sell. PE is the easiest way to cash out. Unfortunate for the employees left behind. But, that's the truth of the matter.
Not sure how Remington got their current position. However, once you invite the vampires to the party, they generally stay until all of the blood is gone...
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Joined: Sep 2013
Posts: 18,126 Likes: 36
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 18,126 Likes: 36 |
Hadn’t seen a picture of Dan Quayle in a while.
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Joined: Feb 2011
Posts: 5,856
Campfire Tracker
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Campfire Tracker
Joined: Feb 2011
Posts: 5,856 |
Remember the articles in the NRA magazine trying to convince us that Cerberus was okay because they were "gun people". Bullschit.
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Joined: Jun 2008
Posts: 6,086 Likes: 4
Campfire Tracker
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Campfire Tracker
Joined: Jun 2008
Posts: 6,086 Likes: 4 |
Remember the articles in the NRA magazine trying to convince us that Cerberus was okay because they were "gun people". Bullschit. I remember that guy Kollitides running for the Board of Directors. Any time the “corporate” folks start trying to infiltrate your organization, you better look out. Those kinds of folks are more interested in protecting their profits than your rights..
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