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Re: Unsold cars
Link to Business Week article -
you can read it for laughs or read it to weep
http://www.businessweek.com/magazine...0/b3953110.htm
One of my favorite parts:
"This is a long way from traditional hedge-fund or even vulture-fund investing. In fact, Feinberg is breaking important new ground in the hedge-fund business. While many funds stick to a single, sharply focused strategy, Feinberg casts a wide net. Not content simply to trade securities the way other funds do or to assemble assorted companies for resale in the same way as many buyout firms, he's forging what looks more like an integrated industrial conglomerate than an investment firm. His secret weapon: a deep bench of 80 seasoned executives who troll the world for investment opportunities and stand ready to parachute in and run the companies he buys. Put all the elements together, says David M. Rubenstein, Carlyle Group co-founder and managing director, and "Feinberg may have perfected a new business model."
Link to Business Week article -
you can read it for laughs or read it to weep
http://www.businessweek.com/magazine...0/b3953110.htm
One of my favorite parts:
"This is a long way from traditional hedge-fund or even vulture-fund investing. In fact, Feinberg is breaking important new ground in the hedge-fund business. While many funds stick to a single, sharply focused strategy, Feinberg casts a wide net. Not content simply to trade securities the way other funds do or to assemble assorted companies for resale in the same way as many buyout firms, he's forging what looks more like an integrated industrial conglomerate than an investment firm. His secret weapon: a deep bench of 80 seasoned executives who troll the world for investment opportunities and stand ready to parachute in and run the companies he buys. Put all the elements together, says David M. Rubenstein, Carlyle Group co-founder and managing director, and "Feinberg may have perfected a new business model."
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