Private Equity

[ephesiandawg]

Someone made a capitalist decision to sell....

Someone made a capitalist decision to sell....

Yes I did - not smart to try to stick around after the fact

 

[-lowcountrydawg]

Jersey Mikes was recently sold to Blackstone. Won’t be long till that becomes a subpar product.

8 bilsky, Congrats to the dude who started that biz. These funds give guys like that another option besides the wringer of going public to cash in on their life’s work.

Definitely possible quality suffers as Bx looks to take it more global. That said I’m sure they will recognize that brand value has a lot to do with the quality of the meats JM uses. I wouldn’t expect them to cheap it on that.

if they do it opens the door for another great company to take market share, and we can grab sandwiches there. The invisible hand of capitalism works. Whether this specific deal work or not these funds provide so much liquidity to the market, it really does enhance the sink or swim dynamic of capitalism.

Would be a shame if a Jersey Italian or BLT add avocado takes a dive quality wise. Shit is good.

 

[Barstool Rodeo]

North Florida is catching up. Built in 09 paid $1100 per year. 2 years ago was up to $1500. This year over $6k. Neighbors see some else do it and think why should I pay out of pocket when insurance will cover it? The worst part, most don’t need a new roof. I was the 3rd house in the neighborhood and most are less than 9 years old. We have not had hurricane damage.

And let’s take homeowners out. Auto accident. Attorneys are sending folks to doctors they’ve never been to. 4 trips to the chiropractor ought to drive up costs and keep the settlement talks to a 5th, 6th round. Disgusting.

The entire state of Florida is taking it on the chin homeowners wise. And insurers are pulling out. No profit to be made. Cali’s in about the same predicament. Sure, these large insurers aren’t saints and have reserves, but the legal abuse has to be curbed. Folks are working on it but so far behind the contributory assets the legal community maintains.

Like PE, there are good actors but a s-load of bad actors.

 

[jaxdawg10]

All they would have to do is pass legislation that once a roof hits 10 years old, make it actual-cash-value (depreciated) and the premiums would be cut in half, literally. If somebody has a 13 year old roof and files a claim and there is legit damage, the insurance carrier will pay half and the client will pay half. But the attorneys in this state won't let that happen because they're making too much money as-is.

I know and most of the sheep don’t understand the economics enough to vote for it.

 

[UGA86]

Any former "Morgan Keegan" current "Raymond James" types here?

 

[ARealMunson]

I think Josh Brooks should flip the script and stage a hostile takeover of Blackstone. Then make them play football.