Good, let it burn.

This is the PE playbook backfiring. Buy the company, load it up with debt, pillage every dollar that can be found, then try to pass it off to some unsuspecting schmuck by convincing them the company still has value. That works unless interest rates skyrocket mid flight and you have to renew the debt, then you’re royally f$&!ked.

If these PE firms are truly the business geniuses they claim to just run the companies they bought well and weather the storm. However I think we’re about to find out real quick who is actually good at business and who was just shuffling cheap leveraged money around trying to look important and smart.