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@AlecMacGillis | |||||
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I didn't realize that the private equity firm that presided over the demise of Payless Shoes, putting 16,00 people out of work, was the same one, Alden Global Capital, that is now eviscerating newspapers left and right. nytimes.com/2020/01/31/ups…
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Harris Meyer
@MHHmeyer
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2. velj |
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And we're waiting to see what private equity does to physician practices across the country.
modernhealthcare.com/physicians/spe…
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Midnite Rider
@BbqMidnite
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2. velj |
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The new version of the old corporate raiders
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David Plymyer
@dplymyer
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2. velj |
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The piece could have been more tightly written, but gets across the basic point: The new owners' lack of understanding of and appreciation for the essentials of the underlying business. Therefore, they tend to undervalue the expertise necessary to run that business.
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Spineless Media
@spinelessmedia
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2. velj |
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Guess you could say they're...
sole-less
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Brent Kulman
@brentk56
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2. velj |
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Alden Global Capital is not a private equity fund. It is a hedge fund. Big difference.
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