There has been a _lot_ of discussion of how deals like this one, the pending
sale of Hertz car rental, and many other similar deals wind up allowing the
new owners to essentially borrow much of the purchase price, extract
"bonuses" from the borrowed money, then leave the companies bankrupt. This
story isn't over by a mile and could get even more interesting in the next
five years. While the private capital investment companies that engage in
this kind of thing hotly deny it, Wall Street is generally not especially
impressed and I've heard more than a few doom-and-gloom predictions over the
past couple of days as the details of this sale have become known.
--
Walt Smith - Clearwater, FL
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