Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by rolltiide on Tuesday September 10, 2019 @12:49PM
(#20930242)
We Work has no place in anyone’s portfolio and Softbank was the greater fool.
It is a great story for founders and for closely held corporations. The investor disclosures came out and there is no oxygen here for investors.
WeWork best deleverage and just continue its rental business.
This can function in a vacuum.
Their grow with all revenue and no profits scheme has nothing wrong with it, its the governance structure and convoluted corporate structure that all but ensures investors are guaranteed nothing.
It is a great story for founders and for closely held corporations. The investor disclosures came out and there is no oxygen here for investors.
WeWork best deleverage and just continue its rental business.
This can function in a vacuum.
Their grow with all revenue and no profits scheme has nothing wrong with it, its the governance structure and convoluted corporate structure that all but ensures investors are guaranteed nothing.