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barnyarddog

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barnyarddog

Re: TheFinalCD post# 1643

Sunday, 09/20/2020 9:01:34 PM

Sunday, September 20, 2020 9:01:34 PM

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...Perelman, under pressure due to his crashing stake in Revlon, has seen his fortune drop from $19 billion to just $4.2 billion over the last two years, according to the Bloomberg Billionaire's Index. His investment company, MacAndrews & Forbes, said it needed to "rework its holdings" back in July due to the pandemic....

"He Needs Cash": Ron Perelman's Leveraged Empire Collapses In A Deluge Of Fire Sales
https://www.zerohedge.com/markets/he-needs-cash-ron-perelmans-leveraged-empire-collapses-deluge-fire-sales?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

...Some Revlon bonds trade at 14 cents on the dollar and the company has $3 billion in debt. ..
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