Private Equity is Boosting the Economy

Quote

Anonymous

Guest












the 'Nazi' rhetoric is getting very old - you watch too much Fox News.

there are ZERO similarities between ANY company in 2011 and Nazi concentration camps.

feel free to use legit comparisons involving facts, etc., and bash away - but grow-up and stop making ridiculous comparisons.
 












Anonymous said:
the 'Nazi' rhetoric is getting very old - you watch too much Fox News.

there are ZERO similarities between ANY company in 2011 and Nazi concentration camps.

feel free to use legit comparisons involving facts, etc., and bash away - but grow-up and stop making ridiculous comparisons.
Click to expand...

It's not about Nazis. It's about duplicity, sincerity, and lack of morals. You must have a low IQ as your thinking is very concrete.
 






Anonymous said:
Everything is fine here at B+L. All the speculation and worries are overblown. Just check out the latest Fox news article below on how Private Equity is Boosting he economy.

http://www.foxnews.com/us/2011/02/04/private-equity-boosting-economy/?test=latestnews

So if your looking for a good company to work for and develop your career B+L (supported by the best private equity firm in the business) is the place to go
Click to expand...

The same could be said of hedge funds. As the markets are a zero sum game you have to wonder on the backs of whom? Usually in the PE world it is about the infrastructure of the company (including the employees) who take the hit so the PE walks away much better off. The net effect is that the economy is better of but at the cost of jobs, careers, etc. on the micro scale. The post above is condescending and quite deceitful as this is a board for sales people not wall street barrons.
 






That post was written by kathy. If not her, then perry or belinda.
Total joke.

B&L is not fine. B&L is dying. B&L is being beaten by the competitors every single day on every single product line, except maybe contact lens solution and even that has been an F up for the past 4 years.

As for Warburg. They're not the best PE firm out there. Not even close. They are one of the smallest of any real player. They're a multi billion dollar firm sure, but they don't come close to some of the really big ones that manage multi companies for 100 Billion under roof.

Bottom line. A slum lord owns B&L. Their scumbag management team manages. The super on the 1st floor is the crack head couple perry and kathy. They're the toothless super that changes the occasional light bulb (replace a rep) but never fix the real problems like heat in the winter (losing market share). The whole place is going down... and that doesn't even include the monster off label law suit that is going to kick B&L's ASS if it doesn't get sold first.
 












Anonymous said:
That post was written by kathy. If not her, then perry or belinda.
Total joke.

B&L is not fine. B&L is dying. B&L is being beaten by the competitors every single day on every single product line, except maybe contact lens solution and even that has been an F up for the past 4 years.

As for Warburg. They're not the best PE firm out there. Not even close. They are one of the smallest of any real player. They're a multi billion dollar firm sure, but they don't come close to some of the really big ones that manage multi companies for 100 Billion under roof.

Bottom line. A slum lord owns B&L. Their scumbag management team manages. The super on the 1st floor is the crack head couple perry and kathy. They're the toothless super that changes the occasional light bulb (replace a rep) but never fix the real problems like heat in the winter (losing market share). The whole place is going down... and that doesn't even include the monster off label law suit that is going to kick B&L's ASS if it doesn't get sold first.
Click to expand...

Funny and fun analogy; the super won't be told, like the rest of us, when the owner's (WP) finally have the building imploded.
 






Anonymous said:
Everything is fine here at B+L. All the speculation and worries are overblown. Just check out the latest Fox news article below on how Private Equity is Boosting he economy.

http://www.foxnews.com/us/2011/02/04/private-equity-boosting-economy/?test=latestnews

So if your looking for a good company to work for and develop your career B+L (supported by the best private equity firm in the business) is the place to go
Click to expand...

This reminds me of the small part Kevin Bacon plays in the film "Animal House." Towards the end of the movie he is dressed as an ROTC conscript and is telling the crowd to be calm as all hell is breaking loose at the town parade. No one is listening to him and he eventually gets stampeded flat by the crowd.
 






Anonymous said:
It's not about Nazis. It's about duplicity, sincerity, and lack of morals. You must have a low IQ as your thinking is very concrete.
Click to expand...

maybe i do have a low IQ?! Not sure... don't really care... What I do know is this: someone writing about morals, sincerity, and duplicity AND also using Nazi comparisons about a company paying you $100k/yr is maybe just a little too imaginative for myself.

However, that is only scratching the surface - in reality, you're just like most people these days - exaggerating, headline readers with no substance. Usually what you blame others for are your own faults shining through, i.e., blaming someone else for 'concrete' thinking when we all know you are just repeating Fox News headlines regarding Nazi examples, hence leaving you as the 'concrete, unimaginative' person. Funny how that works...
 






Anonymous said:
maybe i do have a low IQ?! Not sure... don't really care... What I do know is this: someone writing about morals, sincerity, and duplicity AND also using Nazi comparisons about a company paying you $100k/yr is maybe just a little too imaginative for myself.

However, that is only scratching the surface - in reality, you're just like most people these days - exaggerating, headline readers with no substance. Usually what you blame others for are your own faults shining through, i.e., blaming someone else for 'concrete' thinking when we all know you are just repeating Fox News headlines regarding Nazi examples, hence leaving you as the 'concrete, unimaginative' person. Funny how that works...
Click to expand...

Sounds like Goebbels!
 


















Nice try from management to tell everybody not to panic. The truth is easy to see: just realize what's in the whole thing for Warburg Pincus as a Private Equity company.

Investopedia explains Private Equity:
The size of the private equity market has grown steadily since the 1970s. Private equity firms will sometimes pool funds together to take very large public companies private. Many private equity firms conduct what are known as leveraged buyouts (LBOs), where large amounts of debt are issued to fund a large purchase. Private equity firms will then try to improve the financial results and prospects of the company in the hope of reselling the company to another firm or cashing out via an IPO.

http://www.investopedia.com/terms/p/privateequity.asp
 






While private equity firms sometimes pay themselves back using the acquired company's profits, this isn't their principal moneymaking area. Actually, clauses in private equity deals known as covenants, which assure such repayment, have become increasingly rare in recent years. Rather than making money from guaranteed minimum dividends, etc., private equity firms have been generating most of their profit from the "EXIT EVENT", or the time when they either sell the company to another private entity or return it to the public markets, presumably for a higher price than they paid originally. Keep in mind that B+L was purchased for $3.7bn and was a 26% premium above the market price.

This company is on the brink of the private equity bubble that will burst. WP does not want to lose any more money on this dog and is indeed searching for the "exit event" with Mr. Hasaan in control.
 






more like 4.5 billion with the debt.
That premium doesn't mean much, was based on stock price at the time if I recall correctly.

Hey, it was a bad buy. They have held onto this dog much longer than they originally intended. They were looking for a quick flip. Bought us at the end of 2007, put in the merry band of idiots perry et al in 2008... economy turned south in 2009, stock prices tanked mid year and that's it, nobody was buying spec.

Nice steady growth of the public sector has made other investments look great. Why take a floundering private dog when you could take huge positions in other companies growing strong. Apple up 400%, google up, etc etc. The private equity firms that invested at the market low mid 2009 doubled or tripled their stock valuations. Did much better than buying this POS.

Nobody is buying this thing at what they paid. I mean nobody. Good news is you have a job. Bad news is you have a job at B&L. I don't think Warburg will sell at a loss, so they will probably have to hold onto this thing long term and really hope they turn it around. But that means you are stuck with that management team for a long time. I can't even imagine still being there. Has to suck.
 






This will be an unhappy marriage between WP, (what ever management team they settle with) and the employees for a long, long, long time. It will take at least three to five years to turn this one around to the level where WP can break even.

Job security for the management team. Employees not so much as at least 1/4 of the employees will be used as scapegoats for management so they can keep their jobs.
 












Anonymous said:
more like 4.5 billion with the debt.
That premium doesn't mean much, was based on stock price at the time if I recall correctly.

Hey, it was a bad buy. They have held onto this dog much longer than they originally intended. They were looking for a quick flip. Bought us at the end of 2007, put in the merry band of idiots perry et al in 2008... economy turned south in 2009, stock prices tanked mid year and that's it, nobody was buying spec.

Nice steady growth of the public sector has made other investments look great. Why take a floundering private dog when you could take huge positions in other companies growing strong. Apple up 400%, google up, etc etc. The private equity firms that invested at the market low mid 2009 doubled or tripled their stock valuations. Did much better than buying this POS.

Nobody is buying this thing at what they paid. I mean nobody. Good news is you have a job. Bad news is you have a job at B&L. I don't think Warburg will sell at a loss, so they will probably have to hold onto this thing long term and really hope they turn it around. But that means you are stuck with that management team for a long time. I can't even imagine still being there. Has to suck.
Click to expand...

I think they've already held onto this thing long term. Now on the basis of decreasing returns they are prone to eject this thing at a loss ASAP. There is nothing new coming. This is like the last model years car you must get rid of as it will be less valuable each successive year. They had to go through shock and denial about not making a profit or even braking even on this thing. Now with Fred at the helm it should be a pump and dump. This thing not only is worth less as each day passess but the burn rate on this thing is scary. As absolutely nothing is coming to increase income and the IP that is here is approaching the generics gate, time is not on their side but against them and they know it. Plan B is probably BK. You would expect them to bring this front and center as the picture gets drearier. The one advantage they have is the books are not public so they can pull the trigger on BK at any moment. This is also why no one internally has any clue as to the real numbers. This is being done on purpose.
 






Top Bottom
Back
Quote