Blackstone snaps up stake in Germany`s Leica Camera!

[Poseidon88]

Blackstone, one of the worst "sharks" or "grasshopper" snaps up stake (44 percent)
in Germany`s Leica Camera.

This shark will plunder and rob Leica.

The involvement of a private outfit like Blackstone
will only end in tears......

This is the beginning of the
end of Leica.

 

[Poseidon88]

more info reg. "Blackstone"!

Blackstone is one of the most short-termist of the private equity sharks of the 2000s.
This is extremely dodgy news for Leica & Leica user etc.
It places them in a most vulnerable and extreme dangerous position.

Blackston`s "technique" is not ultra intelligent. It simply "hunts" companies that have
a strong cashflow and then uses that cashflow to raise debt.

Blackstone uses the debt (raised against the target company`s assets) to handsomely
reimburse itself (for what, you may ask: at this point it has not magisterially turned
around the company but simply extracted value.)

The company is then sold on,
massively burdened by debt.

You may ask who would buy such a company.
There is always a greater fool!!!

....black day for Leica!!!


btw: The four horsemen of our modern apocalypse, or as it is called in Singapore "modern capitalism": Globalisation, Privatisation, Hedge Funds, Deregulation.

 

[hanzohattori]

Is there no good news this month? First Jobs dead, then Dennis Ritchie. Olympus in fraud case, now this :cry:

 

[Poseidon88]

Is there no good news this month? First Jobs dead, then Dennis Ritchie. Olympus in fraud case, now this :cry:

Olympus stock down almost 50%
disappearing Cayman Island offshore accounts
organized crime accusation........etc.

Olympus paid over US$ 675 000 000,00 to unknown accounts in the
Cayman Island. The Company that received the payments disappeared
two weeks later.......

this is organized crime.

ups.... it is "modern capitalism" !!!!