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03-12-2018, 06:44 PM | #271 |
Cobra Pimp and Hustler
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03-12-2018, 08:28 PM | #272 |
Hisstank.Com General
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03-12-2018, 08:39 PM | #273 |
Hisstank.Com General
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Quote:
Incompetence, once again, was not behind TRU's failure; that would be saying that their downfall was not on purpose, but it most assuredly was. TRU's business, despite any issues they may have had, was nonetheless totally sustainable until they were bought out, picked clean, and laden with massive debt by Bain Capital, who previously had done the same thing to KB Toys. It's a disgusting, predatory practice that ultimately affects thousands of people.
They went private. It costs money to buy out the shareholders to go private. If it was a very healthy company at the time, the shareholders would not have agreed to be bought out. They would've demanded a higher asking price than anyone would've been able to pay. It is absolutely, totally, completely absurd and ignorant to suggest TRU went under "on purpose." It would've been very easy to go under on purpose. Just put up a going out of business sign and close the doors on day one. The investors made a miscalculation that the business would be profitable enough to pay off the debt it took to buy out the shareholders. It didn't happen. And now everyone can clearly see the fundamentals of the business are weak, hence why it can't find any new buyers. Businesses miscalculate things all the time. It doesn't mean anything nefarious happened. Spare us the financial ignorance and the inflamed Bernie Sanders-esque rhetoric. Last edited by JediJones; 03-12-2018 at 08:41 PM.. |
03-12-2018, 08:43 PM | #274 |
Crimson Guard
Join Date: Sep 2017
Location: U.S.
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^ truth.
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03-12-2018, 09:11 PM | #275 |
Hisstank.Com General
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Location: Cobra Island & Massachusetts
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03-12-2018, 09:20 PM | #276 |
The Chaos Bringer
Join Date: Jan 2007
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So not to get everyone up in an uproar and this is here say but my friend at my local toys R US mentioned something about the leading toy companies buying Toy's R US debt and i theory owning Toy's R Us, such as Mattel, Funko, Hasbro, Jaks Pacific, Nintendo, Sony, etc. These companies evidently thrive on having a physical presence in stores and Target and Walmart are not cutting it because not enough shelf space is dedicated to their product. Fortunately, if this is true Toys R Us chairman are on board selling.
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03-12-2018, 09:45 PM | #277 |
Hisstank.Com General
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The shareholders overwhelmingly agreed to the buyout. Their stock had been tanking long before the buyout took place.
They went private. It costs money to buy out the shareholders to go private. If it was a very healthy company at the time, the shareholders would not have agreed to be bought out. They would've demanded a higher asking price than anyone would've been able to pay. It is absolutely, totally, completely absurd and ignorant to suggest TRU went under "on purpose." It would've been very easy to go under on purpose. Just put up a going out of business sign and close the doors on day one. The investors made a miscalculation that the business would be profitable enough to pay off the debt it took to buy out the shareholders. It didn't happen. And now everyone can clearly see the fundamentals of the business are weak, hence why it can't find any new buyers. Businesses miscalculate things all the time. It doesn't mean anything nefarious happened. Spare us the financial ignorance and the inflamed Bernie Sanders-esque rhetoric. It's also Naive to think that these things do not happen. Again as you said they company wasn't doing very well prior to the buy out. So what would leave anyone to think that buying the share holders out, taking on massive amount of debt in the process and then doing very little to change the buisness model would actualy save the company?
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03-12-2018, 09:51 PM | #278 |
Crimson Guard
Join Date: Sep 2008
Location: WA State
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Quote:
It's also Naive to think that these things do not happen. Again as you said they company wasn't doing very well prior to the buy out. So what would leave anyone to think that buying the share holders out, taking on massive amount of debt in the process and then doing very little to change the buisness model would actualy save the company?
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03-12-2018, 10:29 PM | #279 |
Cobra Pimp and Hustler
Join Date: Mar 2012
Location: Springfield
Posts: 6,139
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Quote:
It is absolutely, totally, completely absurd and ignorant to suggest TRU went under "on purpose." It would've been very easy to go under on purpose. Just put up a going out of business sign and close the doors on day one. The investors made a miscalculation that the business would be profitable enough to pay off the debt it took to buy out the shareholders. It didn't happen. And now everyone can clearly see the fundamentals of the business are weak, hence why it can't find any new buyers. Businesses miscalculate things all the time. It doesn't mean anything nefarious happened. Spare us the financial ignorance and the inflamed Bernie Sanders-esque rhetoric.
There, there...I'm not saying you don't have a point as well, but try not being a little bitch about it and maybe people will give a shit about your stupid, Alex Jones-esque (that's just as ridiculous as your bizarre Bernie Sanders comment) ramblings. Probably not, however. There's only about a million articles out there 100% confirming what I just said, BTW. Sorry! Quote:
It's also Naive to think that these things do not happen. Again as you said they company wasn't doing very well prior to the buy out. So what would leave anyone to think that buying the share holders out, taking on massive amount of debt in the process and then doing very little to change the buisness model would actualy save the company?
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The bad-ass king of all pimps and hustlers Dolemite's BST Thread Dolemite's Feedback Thread Last edited by Dolemite; 03-13-2018 at 09:19 PM.. |
03-12-2018, 10:30 PM | #280 |
Hisstank.Com General
Join Date: Jun 2012
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Quote:
Other companies have done LBOs and made out just fine, TRU just had bad timing, here is an article that explains it a little better: https://www.google.com/amp/s/www.was...f68_story.html
Again I agree to an extent. It was more than just bad timing. It seems very little was done to restructure the buisness. Many more things could have been done between 2005 and now to get the company to a better position than it is in today.
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