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greasemonkeyshoes

04/24/20 8:40 PM

#18989 RE: Coolhandluke13 #18988

PPP bailout should go to distressed people,not miss managed companies.......
"when a company in trouble,it is shareholders problem,and no government should decide winners/loser."
https://www.zerohedge.com/markets/nassim-taleb-says-bailing-out-airlines-misguided-and-morally-unacceptable
ps-FD experience would hurt more materially without a bailout,Sam was given an easy way out again.The company model was expansion thru leaveraged M&A with eroding profit margin(minus in 2020),then it bet the farm on the real estate purchase for future expansion,claiming it had paper profit on the purchase(Sam smart) and generated more debt for cash(Sam's way).I wonder how much is the new warehouse underwater and is this where the bailout money goes plus many other leakages thank to Sam???
ps-again I think Sam is selfish and know I believe he is a character of question:stay away from this time bomb.