10-16-2018, 01:25 PM | #46 |
eReader Wrangler
Posts: 7,437
Karma: 48453105
Join Date: Mar 2013
Location: Boise, ID
Device: PB HD3, GL3, Tolino Vision 4, Voyage, Clara HD
|
Doesn't change the fact that the leveraged buyout vultures used the value of the company to buy it out. Nor does it change the fact that, when these vultures bought Toys-R-Us, the company had $2.3 billion in cash. Nor does it change the fact that they charged exorbitant consultant fees. Nor does it change the fact that Toys-R-Us, thanks to the loan the leverage buyout vultures used to buy it, were paying about a half a billion in interest per year, for fifteen years. This is how leverage buyouts work. They should be illegal.
|
10-16-2018, 01:27 PM | #47 |
eReader Wrangler
Posts: 7,437
Karma: 48453105
Join Date: Mar 2013
Location: Boise, ID
Device: PB HD3, GL3, Tolino Vision 4, Voyage, Clara HD
|
One of the big differences here is that the original founder was part of the leveraged buyout. A lot of good companies have been destroyed by leveraged buyouts.
|
Advert | |
|
10-16-2018, 02:04 PM | #48 | |
Gentleman and scholar
Posts: 10,979
Karma: 108309641
Join Date: Jun 2015
Location: Space City, Texas
Device: Clara HD; Nook ST w/Glowlight, (2015) Glowlight Plus, Paperwhite 3
|
Quote:
The leveraged buyout is a nasty bit of business, but Toys wasn't doing well, just like B&N aren't doing well. If those same investors do the same thing to B&N will it suddenly be their fault the company goes out of business? On the upside, all this talk of leveraged buyouts has prompted me to add the 1963 Japanese classic High and Low to my Netflix queue. |
|
10-16-2018, 02:25 PM | #49 | |
Sir Penguin of Edinburgh
Posts: 12,375
Karma: 23555235
Join Date: Apr 2007
Location: DC Metro area
Device: Shake a stick plus 1
|
Quote:
Verizon is essentially Ma Bell reborn, and killing it off is the stupidest thing I ever heard. |
|
10-16-2018, 02:51 PM | #50 | |
eReader Wrangler
Posts: 7,437
Karma: 48453105
Join Date: Mar 2013
Location: Boise, ID
Device: PB HD3, GL3, Tolino Vision 4, Voyage, Clara HD
|
Quote:
Last edited by rcentros; 10-16-2018 at 02:54 PM. |
|
Advert | |
|
10-16-2018, 02:53 PM | #51 |
eReader Wrangler
Posts: 7,437
Karma: 48453105
Join Date: Mar 2013
Location: Boise, ID
Device: PB HD3, GL3, Tolino Vision 4, Voyage, Clara HD
|
Apparently they think the parts are worth more than the whole. For a while there they were to trying to change themselves into Google. But that's what usually happens when a company starts flailing.
|
10-16-2018, 08:30 PM | #52 |
Grand Sorcerer
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
|
|
10-16-2018, 08:47 PM | #53 |
eReader Wrangler
Posts: 7,437
Karma: 48453105
Join Date: Mar 2013
Location: Boise, ID
Device: PB HD3, GL3, Tolino Vision 4, Voyage, Clara HD
|
|
10-17-2018, 06:05 AM | #54 |
Grand Sorcerer
Posts: 7,195
Karma: 70314280
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
|
It would be stupid if it was even remotely true. Verizon is betting the farm on 5G and focusing all their efforts in that direction. It's going to take a _lot_ of money to pull off, so the idea that Verizon is being torn apart by vultures is ludicrous. Is it a good bet? We will have to see, but Verizon is going to be spending billions and billions of dollars over the next several years to build out a 5G network.
Last edited by pwalker8; 10-17-2018 at 06:10 AM. |
10-17-2018, 06:10 AM | #55 |
Grand Sorcerer
Posts: 7,195
Karma: 70314280
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
|
I have no idea where you get some of this stuff, but it's a very good example of why you should not believe everything you read on the internet. Try googling Verizon and 5G. Verizon has been focused on network for a long time. That's why they are still the largest of the wireless companies. They are selling off the old landline properties, but the new CEO has been brought in to focus on wireless and network.
|
10-17-2018, 05:37 PM | #56 | |
eReader Wrangler
Posts: 7,437
Karma: 48453105
Join Date: Mar 2013
Location: Boise, ID
Device: PB HD3, GL3, Tolino Vision 4, Voyage, Clara HD
|
Quote:
|
|
10-17-2018, 07:04 PM | #57 | |
Grand Sorcerer
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
|
Quote:
On the one hand, from 2017: https://seekingalpha.com/article/406...-elephant-room And on the other: https://finance.yahoo.com/news/expec...160000449.html https://www.forbes.com/sites/lawrenc.../#b584ac14068e Today it's AT&T that looks suspicious to the money guys: https://www.fool.com/investing/2018/...s-verizon.aspx https://www.barrons.com/articles/at-...yet-1534963585 Things change fast. (Me, I like diversified companies. One trick ponies are higher risk than narrow focus companies precisely because times change fast.) |
|
10-18-2018, 09:08 PM | #58 | |
Grand Sorcerer
Posts: 7,195
Karma: 70314280
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
|
Quote:
Once again, they are betting the farm on 5G, which is just now being trialed in various cities. There isn't even any phones that support 5G yet. Verizon moved from 2nd to 1st by going all in when they moved from 3G to 4G before anyone else. It worked out quite well for them. Yes, I was working for them at that time and yes, they did a certain amount of layoffs at that time to focus on 4G. I expect that move to 5G will be just as big a boost. There are a ton of articles about 5G out there. It's going to cost a lot of money, but it can also make a lot of money. Most US corporations have a lot of debt, including companies like Apple and Amazon. Given how long we have been extremely low interests rates, it makes a lot of sense. Now that interest rates are starting to rise, you will likely see companies cut back on their debt. |
|
10-31-2018, 12:49 AM | #59 |
Is that a sandwich?
Posts: 8,189
Karma: 100500000
Join Date: Jun 2010
Device: Nook Glowlight Plus
|
A few more details on the lawsuits.
https://www.reuters.com/article/us-b...-idUSKCN1N42YC https://www.bloomberg.com/news/artic...t-of-fired-ceo |
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Using pubit/selling with B&N outside the US? | fiona86 | Barnes & Noble NOOK | 1 | 02-02-2012 01:13 PM |
Classic B&N no longer selling ebooks! | bgalbrecht | Barnes & Noble NOOK | 7 | 10-26-2010 05:43 PM |
Do annotations & notes stay with book? | bugeyed | Sony Reader | 1 | 07-13-2010 09:07 AM |
B&N selling ePub is a sham! | JSWolf | Deals and Resources (No Self-Promotion or Affiliate Links) | 10 | 04-05-2010 02:09 AM |