| They Will Care... These equity companies will come to the table and the first thing they'll do is start the engine of rate increases. If you think Charter is pricey now, wait until next year if these firms have any say in the operation of the company. They want a return -- right now!
Or, they'll do as other equity firms have done in the past and that's to run up a new load of debt, use the borrowed money as their return on investment and let Charter burn to the ground (see Simmons mattress company) yet again.
Senior lenders should back a plan for complete liquidation of Charter. It's the only way to stop this game that's going on where vultures have found their way to the front of the line. Sell it all off to Comcast, TW or anyone who is capable of keeping the infrastructure intact as a going concern. Equity companies sure as hell are not interested in that, their long-term vision is three years and out. |
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| said by clickie:Senior lenders should back a plan for complete liquidation of Charter. It's the only way to stop this game that's going on where vultures have found their way to the front of the line. Sell it all off to Comcast, TW or anyone who is capable of keeping the infrastructure intact as a going concern. Equity companies sure as hell are not interested in that, their long-term vision is three years and out. Hot off the presses:
»www.reuters.com/article/BANKSL/i···20091015
They won't be selling anything. Charter will be Charter. |
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 dbslayerPremium
join:2009-08-18
Covington, LA
 ·Charter
| To: ulosezed
Good news! Thanks for the link.
Looks like the "equity companies" will NOT be in control .... copied from the link ... "Under the loan agreements, any group could not have more than a 35 percent stake in Charter, but Peck (the Judge) argued that funds did not constitute a group or syndicate acting together." ... so basically the "funds" or "equity companies" will NOT have control over Charter to do whatever they want.  |
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