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FizFashizzle posted:i bet establishment republicans are alright with this tbqh Nah. They want to pack every federal court with fascists just like Trumpists do.
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Mar 16, 2018 19:40
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Arglebargle III posted:How the corporate takeover scam works: And to be clear, this debt basically destroys a companies cash flow. Toys R Us was paying 400 Million a year in debt servicing. In 2014 for example, that would have made it a profitable year vs a loss. And it certainly means they had less funds to invest in modernizing their stores/supply chain/website.
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Mar 16, 2018 19:40
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ZenMasterBullshit posted:those are good books but neither of them involve the Lancre Witches so they can't be the best. I concede, I'm smart enough to not argue with a Lancre Witch fan. The least-good Discworld book is 'Last Continent' though, because it's basically one big novel-sized Australia joke, though.
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Mar 16, 2018 19:43
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The worse position the leverage puts you in, the more expensive it becomes to hold debt, the more likely you are to be pushed into bankruptcy by this maneuver. It's a great way to get at the delicious, sweet sweet juice inside ($7B in total assets set to be liquidated) but obviously you can't preserve the business to do this.
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Mar 16, 2018 19:44
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For some really good insight, you should read Barbarians at the Gate: The Fall of RJR Nabisco.
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Mar 16, 2018 19:45
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Press briefing, if you hate yourself: https://www.youtube.com/watch?v=5N4eMDvjxMw
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Mar 16, 2018 19:46
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Fitzy Fitz posted:Press briefing, if you hate yourself: https://www.youtube.com/watch?v=5N4eMDvjxMw She's just utterly unqualified for this job, huh?
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Mar 16, 2018 19:49
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FizFashizzle posted:I'm kind of curious if Mueller has a source in the WH, and if he's about to get fired he tosses out something awful to make canning him look worse. AceOfFlames posted:Have you ever read Going Postal by Terry Prachett? (If not then do. It's also a great introduction to Discworld). Bain Capital is essentially Reacher Gilt. The main difference is that while Gilt TRICKED companies into letting them buy them with their own money via predatory loans, our wonderful financial system allows companies like Bain to straight up acquire companies on credit while using the ACQUIREE'S assets as collateral. In other words, they are even MORE blatantly evil than Gilt.  The sequel, Making Money, is also excellent, if not as good (but I'm talking like, A vs A+). It also provides a lot of fun descriptions of a central banking system being established/overhauled, with some very fun digs at libertarians sprinkled in.
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Mar 16, 2018 19:50
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boner confessor posted:guards! guards! or gtfo we are married now
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Mar 16, 2018 19:51
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EAT FASTER!!!!!! posted:She's just utterly unqualified for this job, huh? I was just thinking how good she is at it. She never flinches.
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Mar 16, 2018 19:52
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boner confessor posted:what is the most problematic discworld book, aside from interesting times, which is the most problematic discworld book As I remember it, Twoflower's portrayal in the first two books is way, way worse than anything that happened in Interesting Times.
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Mar 16, 2018 19:53
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Fitzy Fitz posted:I was just thinking how good she is at it. She never flinches. yeah, she's great at her job the dissonance comes in for people who expect her to provide a truthful account of the administration. in reality, her job is to look reporters right in the face and tell them lies, that everyone knows are lies, without breaking character
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Mar 16, 2018 19:53
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EAT FASTER!!!!!! posted:She's just utterly unqualified for this job, huh? gently caress shucks
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Mar 16, 2018 19:54
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I am no makeup master by any stretch but umm, shouldn't you at least try to match your natural skin?
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Mar 16, 2018 19:55
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EAT FASTER!!!!!! posted:She's just utterly unqualified for this job, huh? She is utterly unqualified to be a white house press secretary tasked with giving the media a daily update on the white house's plans and views on the news of the day. Thats fine though because Trump does not want a press secretary, the role is not currently filled, regardless of her title. She is well-qualified to be Trump's hateful lying toady whose primary responsibility is to fight with and mock the media.
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Mar 16, 2018 19:55
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Vintersorg posted:I am not makeup master by any stretch but umm, shouldn't you at least try to match your natural skin? Trump's rubbing off on her. Real talk, stage makeup for pale people has to be a few shades darker because the lights will completely wash you out otherwise. You can see the same thing when Conan O'Brien puts his hand to his face Crow Jane fucked around with this message at 19:58 on Mar 16, 2018 |
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Mar 16, 2018 19:55
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Vintersorg posted:I am no makeup master by any stretch but umm, shouldn't you at least try to match your natural skin? Perhaps every day she goes just a slight shade oranger to emulate Trump.
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Mar 16, 2018 19:58
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Demiurge4 posted:Another take on the story. lol, what a great take.
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Mar 16, 2018 19:59
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EAT FASTER!!!!!! posted:The worse position the leverage puts you in, the more expensive it becomes to hold debt, the more likely you are to be pushed into bankruptcy by this maneuver. Yeah I would guess the people buying corporate bond in this scenario have agreed with the pirates that they will get the assets and debt service while the pirate gets a payday.
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Mar 16, 2018 19:59
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Rigel posted:She is utterly unqualified to be a white house press secretary tasked with giving the media a daily update on the white house's plans and views on the news of the day. Doesn't matter because the media are utterly unqualified to do their jobs and hold spokespeople and politicians accountable for what they say. Why don't reporters bring a list of the questions from last week that she promised to answer this week. If she refuses to answer and calls on someone else, rather than sucking up in gratitude for getting called on, why doesn't the new person demand she answer the original question. It isn't hard to do, if you're not a corporate tool whose job is to suck government and corporate cock and regurgitate their talking points while putting on a dog-and-pony show of accountability which doesn't actually exist.
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Mar 16, 2018 20:03
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VitalSigns posted:Doesn't matter because the media are utterly unqualified to do their jobs and hold spokespeople and politicians accountable for what they say. Why don't reporters bring a list of the questions from last week that she promised to answer this week. If she refuses to answer and calls on someone else, rather than sucking up in gratitude for getting called on, why doesn't the new person demand she answer the original question. https://twitter.com/realDonaldTrump/status/952301373479104512
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Mar 16, 2018 20:07
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boner confessor posted:yeah, she's great at her job Compare her performance to the physician that was talking about Trump's physical. He was so nervous trying to tell people "of course he can get by on 4 hours of sleep and a steady diet of McDonalds, he's got great genes!" Watch him blinking a hundred times a sentence, that's a tell if I've ever seen one.
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Mar 16, 2018 20:08
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EAT FASTER!!!!!! posted:The worse position the leverage puts you in, the more expensive it becomes to hold debt, the more likely you are to be pushed into bankruptcy by this maneuver. So why doesn’t this happen more often? I mean theoretically this could happen to any company out there you choose. You go ahead and borrow money, but it and bust it out. Shouldn’t this be happening everywhere?
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Mar 16, 2018 20:08
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cnn still has trump lackeys on its payroll and puts them on tv.
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Mar 16, 2018 20:08
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Arglebargle III posted:Yeah I would guess the people buying corporate bond in this scenario have agreed with the pirates that they will get the assets and debt service while the pirate gets a payday. They don't have to "agree," that's literally what happens when you buy a bond. It's not some secret cabal or dark shadowy rooms, it's pretty simple free market economics, but yeah it tends to cause precisely this outcome.
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Mar 16, 2018 20:08
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What has that tweet to do with what I said. Are you arguing that because Trump makes illegitimate criticisms of the media, there are no legitimate criticisms of the media?
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Mar 16, 2018 20:09
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Vladimir Putin posted:So why doesn’t this happen more often? I mean theoretically this could happen to any company out there you choose. You go ahead and borrow money, but it and bust it out. Shouldn’t this be happening everywhere? It happens most often when you can buy the company's equity for less than the price of the assets. And for a while I'll remind you that it WAS happening everywhere.
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Mar 16, 2018 20:09
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Arglebargle III posted:How the corporate takeover scam works:
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Mar 16, 2018 20:09
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Tayter Swift posted:It's step 6 that gets me. Isn't new company still part of your company at this stage? Why is your company not held liable for that arm of your company? Even Enron went down for precisely that. Welcome to the wonderful world of LLCs and independent subsidiaries, my friend.
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Mar 16, 2018 20:11
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aware of dog posted:That butter better be made from raw milk Remember when a state passed a pro-raw milk law, had some raw milk and got
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Mar 16, 2018 20:12
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Tayter Swift posted:It's step 6 that gets me. Isn't new company still part of your company at this stage? Why is your company not held liable for that arm of your company? Even Enron went down for precisely that. lol, no. IF (and it's a big if) you're dumb enough to continue to hold equity (common or preferred stock) interest in the company that you've LBO'ed, your stock becomes worthless. If a company you owned stock in went worthless, would you go after the shareholders to pay off the debt? (I don't actually care whether YOU would, the answer is that you can't be held liable for a company's bankruptcy just because you are holding equity in a company). EAT FASTER!!!!!! fucked around with this message at 20:17 on Mar 16, 2018 |
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Mar 16, 2018 20:13
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EAT FASTER!!!!!! posted:It happens most often when you can buy the company's equity for less than the price of the assets. If a companies equity is less than the price of he assets wouldn’t that make it mispriced?
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Mar 16, 2018 20:14
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Vladimir Putin posted:If a companies equity is less than the price of he assets wouldn’t that make it mispriced? Wal*Mart's "book value" (shares outstanding * share price) right now is $260B, the real estate they own under all their stores is worth about $40B more than that on its own, and if you discount their stable cash flows the whole enterprise is probably worth $800B. Mispriced equity happens all the time. I've got some terrible news about "rational pricing" in the stock market. Why do you think share prices can go up and down several percentage points a day?
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Mar 16, 2018 20:17
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This is only tangentially related but how much actual cash money are the hyper rich worth? Like how much liquid currency could Bezos come up with in a week from all the poo poo he owns?
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Mar 16, 2018 20:18
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EAT FASTER!!!!!! posted:Wal*Mart's "book value" (shares outstanding * share price) right now is $260B, the real estate they own under all their stores is worth about $40B more than that on its own, and if you discount their stable cash flows the whole enterprise is probably worth $800B. So Walmart is probably underpriced and is at risk for takeover.
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Mar 16, 2018 20:19
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EAT FASTER!!!!!! posted:They don't have to "agree," that's literally what happens when you buy a bond. It's not some secret cabal or dark shadowy rooms, it's pretty simple free market economics, but yeah it tends to cause precisely this outcome. According to Wikipedia: TRU was private, iHM 70% private/30% public, and The Post's owner is fully private. I'm not the best at financial matters but in a general sense both parties would have to agree to the terms through negotiation, versus I can just go buy a piece of Target without ever talking to their execs, right? I'm still not suggesting the imagery that you brought up, but I don't fully understand.
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Mar 16, 2018 20:20
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Shimrra Jamaane posted:This is only tangentially related but how much actual cash money are the hyper rich worth? Like how much liquid currency could Bezos come up with in a week from all the poo poo he owns? Bezos' net worth is nearly entirely derived from the share price of Amazon. Amazon is an exchange traded stock. Dumping $80B of stock would probably cause the share price to move, but he could get close to (if not entirely) that amount by private sales, if he needed to be in USD.
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Mar 16, 2018 20:20
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Vladimir Putin posted:So Walmart is probably underpriced and is at risk for takeover. You can't do this with the numbers that Wal*Mart is worth, which is the other half of it. Every investment bank on Wall Street put together would have to agree that this is a good idea (to write $300B of corporate debt to get this deal done - at terms that they feel like they could get paid back) and you'd have to be an absolute loving maniac to attempt it.
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Mar 16, 2018 20:21
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EwokEntourage posted:Thanks, I thought halal and haram were like saying kosher and non-kosher, was wondering if there was something more to it I was missing (besides the actual details of what is halal/haram) Traif you imbecile.
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Mar 16, 2018 20:22
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The Sean posted:According to Wikipedia: TRU was private, iHM 70% private/30% public, and The Post's owner is fully private. I'm not the best at financial matters but in a general sense both parties would have to agree to the terms through negotiation, versus I can just go buy a piece of Target without ever talking to their execs, right? I'm still not suggesting the imagery that you brought up, but I don't fully understand. With privately held companies there are still shares with a share price, they're just not listed on an exchange. Instead of buying shares from individual shareholders and issuing bonds, they just buy from the ownership (and issue bonds). The bonds are issued and sold the same way either way. There's no "stock market" for bonds, you buy bonds from bond trading desks at banks. EAT FASTER!!!!!! fucked around with this message at 20:26 on Mar 16, 2018 |
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Mar 16, 2018 20:24
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