4 ms·
Doesn’t the word “recouped” imply the profit was at least enough to recover the investment cost (and millions more in this case), or am I missing something?
by mikeiz404 4y ago
Doesn’t the word “recouped” imply the profit was at least enough to recover the investment cost (and millions more in this case), or am I missing something?
- MikePlacid 4y agoThe word “recouped” was written by a journalist. The same journalist uses the word “revenues” as the source of recouping, not “profits”. They also use such strange constructions as: > private investors have already extracted $2.1 billion from the deal, in part by refinancing three times.
- nocoiner 4y agoWhat’s strange about that? The owners boost cash flow by jacking up parking rates, create a higher value for their asset, and take out a new loan against it. The original loan gets paid off and the owners get to take out the new equity based on the higher valuation.