Let Us Now Praise Private Equity - National Review Online
And from the comments:
"I thought private equity was about taking fairly sound companies, buying them up by issuing huge debts in their names, gutting all the maintanence and staff, sucking out all the cash into your private equity fund, flipping them public and getting slick salesmen to pump it to $30/share only to have it crash to a $1/share a year after you unloaded your holdings when people realized how much long term damage was done to the company.
And from the comments:
"I thought private equity was about taking fairly sound companies, buying them up by issuing huge debts in their names, gutting all the maintanence and staff, sucking out all the cash into your private equity fund, flipping them public and getting slick salesmen to pump it to $30/share only to have it crash to a $1/share a year after you unloaded your holdings when people realized how much long term damage was done to the company.
Or maybe that’s just my personal experience."
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