• 1 Post
  • 31 Comments
Joined 2 years ago
cake
Cake day: June 17th, 2023

help-circle





  • Private equity used to buy distressed firms then build value to sell. The new norm is buy anything and suck it dry then let it fold in on itself and take the money elsewhere.

    For example, the firm that bought Red Lobster leveraged everything their brand had to sell (cheddar bay biscuits in the grocery store). The individual stores which sat on company-owned land had their budgets re-configured to “pay rent” to the overlord which now owns everything including the land.

    The costs of advertising and company image maintenance were passed down to the stores as fixed costs that local managers had to account for in their budgets without impacting the owners of the name.

    No surprise that very few locations can turn a profit in that environment but the leeches at the top aren’t hurt by store closings.

    Private equity acquisition today is simply buying something of value to slurp it’s blood then discard the husk.







  • When I couldn’t find anything that seemed to work for me I decided to go with a “hands-free” approach. My alarm will arm-home when everyone has been home for 15 minutes. It arms-away when everyone is gone. It disarms when someone gets home. If armed-home and an exterior door is opened with presence detected inside by that door it disarms. I haven’t had a mis-fire since I started it.