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AMC is for sale according to CEO recent letter
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Author: BigT Date:
1/13/2023 10:50:17 PM +0/-0
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The problem is that there is very little "equity" in private equity. They borrowed the money to buy the company. Remember, Air Methods stock was priced around $55 per share a year prior to the purchase. It went down to $28 (in other words, the trend was very negative). The private "equity" group then purchased the company for about $43 per share. You might say they overpaid and then used debt to buy the company. Now, interest rates have increased. What to do? |
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AMC is for sale according to CEO recent letter
+6/-2 She plays words. Read between lines 1/13/2023 8:59:05 PM
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