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How did they get into a situation where they're losing >$200M per year -- and with only $100M cash in bank and $1B revenue? Even more perplexing... they recent
by beambot 12y ago
How did they get into a situation where they're losing >$200M per year -- and with only $100M cash in bank and $1B revenue? Even more perplexing... they recently took on $1B+ in debt, of which they immediately paid out 30% as a dividend to investors?!
I'm not an expert or anything... but their "growth" story stinks; it looks like they're just trying to milk a dying cow. That, or I'm just way off base...
- gerbal 12y agoThis smacks of a firm being raided by private equity funds. Leverage, debt use it to do a stock divident to the owners (Private Equity firms), launch an IPO, use the IPO funds to finance more debt, keep the company above water long enough to walk away. Also the current CEO is a former Yahoo! exec, not exactly confidence inspiring.