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Author Topic: What a MISTAKE !!!!  (Read 8978 times)

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« Reply #25 on: April 13, 2011, 18:20 »
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thank goodness. otherwise it would be an iMonopoly run by Getty.


« Reply #26 on: April 14, 2011, 00:34 »
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I hadn't thought about what that charge would do to the value of the Getty businesses. The cash grab looks like an admission that they can't sell the business on, as planned, so they've just cut their losses by taking $500m.

What did H&F pay for it when they bought it? An awful lot more than that, wasn't it? I guess they didn't understand the problems that were causing Getty's share price collapse and thought they could fix something that was outside their control. Now they're just making things worse with desperate measures to try to redirect all the income into the company's coffers to try to pay off the debt.

lagereek

« Reply #27 on: April 14, 2011, 02:06 »
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I hadn't thought about what that charge would do to the value of the Getty businesses. The cash grab looks like an admission that they can't sell the business on, as planned, so they've just cut their losses by taking $500m.

What did H&F pay for it when they bought it? An awful lot more than that, wasn't it? I guess they didn't understand the problems that were causing Getty's share price collapse and thought they could fix something that was outside their control. Now they're just making things worse with desperate measures to try to redirect all the income into the company's coffers to try to pay off the debt.

Desperate is not enough a word for some of the actions, its on the borderline of insanity really. its as if the HQ is full of 1st year business school pupils. Must admit I had my suspicions when Getty took over years back but I didnt think this whole mess would stoop this low.
« Last Edit: April 14, 2011, 02:13 by lagereek »


 

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