SegBit on Nostr: nostr:note1nwztm788mz0spenf3g4t7h9pfnue075fpvcmphyhnj5uru8us3xqmverg8 A leveraged ...
And the west keeps on falling
How on earth they have gone bankrupt? No idea. They are literally in every single sports car/suv out there 
A leveraged buyout from a private equity firm was likely what happened. Typical MO of a bloodsucking PE firm. They acquire a business on the basis they take a massive loan as part of the buyout, continue to further bleed the business dry by cutting both expenditures and employees, meanwhile, the quality of everything goes down while the debt continues to accumulate to the point the business is unable to service the debt and goes bankrupt. The PE firm makes a killing out of the deal though with no accountability for their actions.
The same playbook was done to Sears, Toys R Us, the majority of restaurant chains, hell they even pillage small businesses and healthcare now. People gravely underestimate how much of a scam the entire finance industry really is...especially private equity. They are the epitome of everything I despise about the fiat world. A high-time preference mentality always prioritizing short-term profits over the long-term sustainability of the business and employee welfare.
As far as Recaro goes, it would be great if VW, BMW, or MB were to acquire them and help keep them afloat. Too bad the car modification scene is dead compared to what it used to be like in the past. The disappearance of new sports cars or just driver-oriented vehicles in general hasn't helped matters at all either.
Published at
2024-08-01 23:40:46Event JSON
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"content": "nostr:note1nwztm788mz0spenf3g4t7h9pfnue075fpvcmphyhnj5uru8us3xqmverg8 \n\nA leveraged buyout from a private equity firm was likely what happened. Typical MO of a bloodsucking PE firm. They acquire a business on the basis they take a massive loan as part of the buyout, continue to further bleed the business dry by cutting both expenditures and employees, meanwhile, the quality of everything goes down while the debt continues to accumulate to the point the business is unable to service the debt and goes bankrupt. The PE firm makes a killing out of the deal though with no accountability for their actions.\n\nThe same playbook was done to Sears, Toys R Us, the majority of restaurant chains, hell they even pillage small businesses and healthcare now. People gravely underestimate how much of a scam the entire finance industry really is...especially private equity. They are the epitome of everything I despise about the fiat world. A high-time preference mentality always prioritizing short-term profits over the long-term sustainability of the business and employee welfare. \n\nAs far as Recaro goes, it would be great if VW, BMW, or MB were to acquire them and help keep them afloat. Too bad the car modification scene is dead compared to what it used to be like in the past. The disappearance of new sports cars or just driver-oriented vehicles in general hasn't helped matters at all either.",
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