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Re: Dick Smith is the Greatest Private Equity Heist of All Time

From "Rod Speed" <rod.speed.aaa@gmail.com>
Newsgroups aus.computers, aus.electronics, aus.politics
Subject Re: Dick Smith is the Greatest Private Equity Heist of All Time
Date 2016-01-09 19:27 +1100
Message-ID <dfbuirF76lhU1@mid.individual.net> (permalink)
References (5 earlier) <n6p9lf$vuu$1@dont-email.me> <n6pj6o$t52$1@dont-email.me> <n6ppas$lgk$1@dont-email.me> <dfblq9F57rkU1@mid.individual.net> <n6qan1$7if$1@dont-email.me>

Cross-posted to 3 groups.

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"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message 
news:n6qan1$7if$1@dont-email.me...
>
>
> "Rod Speed" <rod.speed.aaa@gmail.com> wrote in message 
> news:dfblq9F57rkU1@mid.individual.net...
>>
>>
>> "Pelican" <water-birds@sea.somewhere.org.ir> wrote in message 
>> news:n6ppas$lgk$1@dont-email.me...
>>>
>>>
>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message 
>>> news:n6pj6o$t52$1@dont-email.me...
>>>> On 9/01/2016 8:30 AM, Pelican wrote:
>>>>>
>>>>>
>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message
>>>>> news:n6o34n$h3t$1@dont-email.me...
>>>>>> On 8/01/2016 6:06 PM, Truth and honesty wrote:
>>>>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote:
>>>>>>>
>>>>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message
>>>>>>>> news:n6nlgs$r1p$4@dont-email.me...
>>>>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote:
>>>>>>>>>> Posted on 29 Oct 2015 by Matt Ryan
>>>>>>>>>>
>>>>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time
>>>>>>>>>> Want to know how to turn $10m in to $520m in less than two years?
>>>>>>>>>> Just
>>>>>>>>>> ask
>>>>>>>>>> Anchorage Capital. The private equity group has pulled off one of 
>>>>>>>>>> the
>>>>>>>>>> great
>>>>>>>>>> heists of all time, using all the tricks in the book, to turn 
>>>>>>>>>> Dick
>>>>>>>>>> Smith
>>>>>>>>>> from a $10m piece of mutton into a $520m lamb.
>>>>>>>>>
>>>>>>>>> Thank you for a very interesting post.  I'd heard part of that on 
>>>>>>>>> the
>>>>>>>>> radio so it was fascinating to see more detail.
>>>>>>>>
>>>>>>>> Always good to see a new fiction writer emerging.
>>>>>>>
>>>>>>>
>>>>>>> You are not wrong, its mainly fiction.
>>>>>>
>>>>>> So why is even Dick Smith commenting on the greed of the private 
>>>>>> eqity
>>>>>> group owned it for 18 months and floated it for $400 million mroe 
>>>>>> than
>>>>>> they bough it for?
>>>>>
>>>>> Where does greed come into it?
>>>>
>>>> I assume that Dick thinks a $400 million profit in 18 months is greedy, 
>>>> but you'll have to ask him to know what he had in mind.
>>>
>>> You should do that.  You referred to it.
>>>
>>>>> If the story is true, what was
>>>>> Woolworths doing in selling an asset at a very substantial discount?
>>>>>
>>>>>> If you think that's not a huge heist, can I join in your next bank
>>>>>> robbery?
>>>>>
>>>>> The exercise was a standard asset-stripping exercise.
>>>>
>>>> Yes.  a huge profit in 8 months.
>>>>
>>>>> At this stage,
>>>>> there haven't been any suggestions that there is anything untoward 
>>>>> about
>>>>> what was done, certainly no criminal offence like a bank robbery, 
>>>>> other
>>>>> than by those suffering from envy.
>>>>
>>>> Really?  I doubt that Dick smith is green with envy but not surprised 
>>>> that you wouldn't think there was anything untoward.
>>>
>>> Dick Smith isn't involved in any way, and doesn't have any information 
>>> about the transaction that is not available elsewhere.
>>
>> But has pointed out the scam involved using that information.
>
> Yeah, public information.

Irrelevant to him pointing out that scam/ripoff. 

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Thread

Dick Smith is the Greatest Private Equity Heist of All Time "Vote 99% Greens" <VoxPoop@spammail.com> - 2016-01-08 11:42 +1100
  Re: Dick Smith is the Greatest Private Equity Heist of All Time SolomonW <SolomonW@citi.com> - 2016-01-08 16:54 +1100
  Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-08 17:40 +1100
    Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-08 17:56 +1100
      Re: Dick Smith is the Greatest Private Equity Heist of All Time Truth and honesty <TruthandHonesty@bluetooth.com.au> - 2016-01-08 18:06 +1100
        Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-08 21:33 +1100
          Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 08:30 +1100
            Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 11:13 +1100
              Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 11:25 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 12:59 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:57 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:55 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:27 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 18:22 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:27 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 18:44 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:46 +1100
              Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 12:58 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:57 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:54 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:27 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 18:28 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:37 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:38 +1100
              Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:55 +1100
            Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:53 +1100
              Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:53 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:26 +1100
              Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-09 18:18 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:33 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-09 21:24 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-10 08:34 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-10 10:13 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-10 15:34 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-10 15:59 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-10 17:05 +1100
        Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:29 +1100
          Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 16:36 +1100
            Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:45 +1100
              Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:48 +1100
                Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:22 +1100
      Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:28 +1100
  Re: Dick Smith is the Greatest Private Equity Heist of All Time Jeßus <j@invalid.lan> - 2016-01-08 18:26 +1100
    Re: Dick Smith is the Greatest Private Equity Heist of All Time French <pw_112@gmail.com> - 2016-01-08 22:00 +1000
      Re: Dick Smith is the Greatest Private Equity Heist of All Time Jeßus <j@invalid.lan> - 2016-01-09 08:03 +1100
      Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:48 +1100

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