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The impossible to pay debt just means the company goes bankrupt and new owners can keep operating it without the debt. That they lose 45 cents from every dolla
by BurningFrog 1y ago
The impossible to pay debt just means the company goes bankrupt and new owners can keep operating it without the debt.
That they lose 45 cents from every dollar of sales is the killer.
- chasd00 1y ago> That they lose 45 cents from every dollar of sales is the killer. Was it always that bad? If so, how did the business get past the spreadsheet model phase? There’s no way the typical corp “re-org” fixes that.