Flip this Corporation

[bill]

Re: Flip this Corporation

As I said before:http://www.itulip.com/forums/showthr...0460#post10460

The PE groups are no different than the house flipping groups that had their buddy appraisers and lenders. As soon as a asset is purchased it is set up for the flip by re-inflating the asset and flipping the asset taking all created equity profits and leaving the new owner with a load of debt to service. PE profits are made on the flip and on to the next deal they went. We are coming to a point where the current pricing of inflated assets can no longer be inflated as rapidly do to appraisers and credit risk ratings starting to feel the regulation pressure witch is leading to a tightening of liquidity witch is causing the flips to slow down.
I don’t see how these PE flipped corporations with heavy debt service will be able to survive much longer without a restructuring.
Who will eventually come in and mop up this global mess all these little flash in the pan flippers have created? I guess it would be some one with a lot of capital and a global solution to a global financial mess.http://www.itulip.com/forums/showthr...0775#post10775

Liquidate and restructure

http://www.bloomberg.com/apps/news?p...1fo&refer=home
March 13 (Bloomberg)
The fund said in a statement that it defaulted on about $16.6 billion of debt as of yesterday. Lenders will ``promptly'' take over all of its remaining assets after it failed to reach an agreement with lenders, Carlyle Capital said. Any remaining debt is expected to go into default ``soon'', the fund added.

[Slimprofits]

Re: Flip this Corporation

Anyone have a copy of the report?

Yes: Rating Private Equity Transactions (.PDF)