Red Lobster Files For Bankruptcy

Do you think companies are bought to be run at a loss? The whole point of investment is to make a profit. If the target company can't earn a return then it's assets need to be released back into the market so they can be used by someone who can use them efficiently. That includes the employees BTW.

If a trucking company isn't profitable then obviously its assets need to be sold off.

FYI Lease back deals are usually done to reduce taxes and can result in higher profits.

 

They buy them to make a profit. If the company is viable they run it. Otherwise it's time to do what's necessary. Keep in mind if the seller had thought the company was viable they wouldn't have sold it. The buyer is someone taking the risk that a profit can still be made. If you want to get mad at someone get mad at the seller. They are the one that failed.

 

I never said they don’t want to make a profit. I said they don’t have the intention of running them for a profit.

 

To look at how assets being released back into the market so they can be used more eficiently brings to mind all the big empty Sears stores that have been sitting vacant year after year. Blightful eyesores made possible by the godfather of bustouts: Eddie Lampert.

Eddie Lampert Shattered Sears, Sullied His Reputation, and Lost Billions of Dollars. Or Did He?

https://therobinreport.com/undertaker-eddie-its-done-its-over-r-i-p/

 

Those aren’t even burgers. Definately don’t taste like burgers.

 

The sad about inflation is that the large corporations are responsible, yet its the hard working wage earner that is forced to bare the brunt as the FED increases interest rates. The wage earner did not push up gasoline prices, utilities, or the price of eggs, so still amazed by how politicians punish the people who contribute the most to Federal and state taxes.

 

Third ingredient is beef hearts. Sounds like a gout flare up just waiting to happen.

 

No. That was made inevitable by the advance of technology, namely the internet. It's not just Sears. All the big mall based outlets are going under now and it doesn't matter if they got bought out first or not.

Buggy whips used to be assets.