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Igel

(37,473 posts)
15. So it's a series of things.
Thu Mar 15, 2018, 07:54 PM
Mar 2018

3. Amazon and online retailers kept it from recovering.

2. Bain bought it out and it couldn't handle the debt that resulted.

1. But before that it was already floundering and its stocks reduced to junk status.

The only reason to miss the first cause, the one that put it in trouble and would have killed it, was to focus on (2). The "predatory" companies are often more like predators that bring down the sick and wounded or scavenge among the dying and dead. In some cases they help the company and make money; in other cases, the profit comes from dismembering the remains after keeping the thing on life support.

If not for that company, it's likely we'd have been talking about Toys 'R' Us' demise when DU was perhaps 3, 4 years old.

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A Romney/Paul Singer-style bust-out sandensea Mar 2018 #1
Oh, that sort of stuff started before Romney. He was a middling player. JHB Mar 2018 #4
private equity firms also buy up KT2000 Mar 2018 #9
...and have since Reagan. JHB Mar 2018 #11
yes - it has been going on KT2000 Mar 2018 #16
See my post below, #12. Note the date on the series mentioned... JHB Mar 2018 #17
Yup - a PE firm bought Aladdin (Thermos bottles etc) in 2002 dbackjon Mar 2018 #19
I believe the preferred phrase is "under-performing"... JHB Mar 2018 #22
Sure. I'm old enough to remember Eastern Airlines, PanAm, and some of KKR's hijinks. sandensea Mar 2018 #21
Bain destroyed Kb toys in the exact same manner. elehhhhna Mar 2018 #14
Nailed it! JHB Mar 2018 #2
Romney the Vulture Angry Dragon Mar 2018 #3
"A" vulture, note "the" vulture. JHB Mar 2018 #6
Romney the Grinch! Crash2Parties Mar 2018 #23
Wonder how much was in the pension fund.... dixiegrrrrl Mar 2018 #18
As soon as I saw the headline this morning, I immediately RandomAccess Mar 2018 #5
Like the Koch brothers, Bain is important but don't fixate on them... JHB Mar 2018 #7
And look at what OTHER Bain vulture buy just went bankrupt this week too BumRushDaShow Mar 2018 #8
words from the not so distant past.... paleotn Mar 2018 #10
This seems like a good time to repost this from last September... JHB Mar 2018 #12
When private equity comes in Politicub Mar 2018 #13
So it's a series of things. Igel Mar 2018 #15
LOL. Ah but I'm a democratic socialist and despise capitalism, particularly PatrickforO Mar 2018 #20
Locking.... DonViejo Mar 2018 #24
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