This narrative about vulture capitalists seems off. The CNN Money article first says: > Its debt was downgraded to junk bond status in January of 2005, at a ti

This narrative about vulture capitalists seems off. The CNN Money article first says: > Its debt was downgraded to junk bond status in January of 2005, at a time when Amazon's sales were just 4% of their current level. And then it says: > A year later the company was taken private by KKR, Bain Capital and real estate firm Vornado. The fact that their bonds were downgraded to junk a year before tells me that Toys R Us was already in trouble by the time private equity stepped in.