Smallest violin for those shutting down R&D only to extract the max $ value from existing user bases, vultures loading companies with debt to grind them into a husk then sell them. PE is doing great and is currently reducing the quality of nearly everything it touches, from your previously favorite vet and dentist to the previously mom and pop a/c repairman fixing your air conditioner. All zombies now part of the host.
PE people and most financial analysts are stupid who analyse tech firms.
Even the multiples have an implicit (fake) terminal value built in, the assumptions are more implicit rather than explicit. Comical to assume that a tech firm will be a going-concern in perpetuity when the lifecycle of a tech firm is generally compressed.
Smallest violin for those shutting down R&D only to extract the max $ value from existing user bases, vultures loading companies with debt to grind them into a husk then sell them. PE is doing great and is currently reducing the quality of nearly everything it touches, from your previously favorite vet and dentist to the previously mom and pop a/c repairman fixing your air conditioner. All zombies now part of the host.
PE people and most financial analysts are stupid who analyse tech firms.
Even the multiples have an implicit (fake) terminal value built in, the assumptions are more implicit rather than explicit. Comical to assume that a tech firm will be a going-concern in perpetuity when the lifecycle of a tech firm is generally compressed.
They get what they deserve.
https://archive.ph/TQnPn