3 ms·
There are different strategies. You can buy up dying companies and try to turn them around with management changes (and debt), you can sell off companies for sc
by dehrmann 2y ago
There are different strategies. You can buy up dying companies and try to turn them around with management changes (and debt), you can sell off companies for scrap, you can buy up money printing machines and run them hotter.
- lotsofpulp 2y agoJust to show that these bets are not without risk, the Sears bet failed bigtime. Lampert lost a ton of money.
- dehrmann 2y agoPeople love to vilify PE for destroying companies, but a lot of these companies were dying anyway, and PE was trying a last-ditch, high-risk reorg to save them.