Re:Nordstrom Family to Take Company Private in $6.25B Deal
by legitster on Monday December 23, 2024 @01:37PM
(#42496586)
Corporate raiders only targeted "distressed assets". They didn't pay full-price for healthy brands to gut - the whole point was to flip cheap (failing) stores.
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Re:Nordstrom Family to Take Company Private in $6.25B Deal
by acdha on Monday December 23, 2024 @01:56PM
(#42496711)
Their goal is a quick profit. That can be a failing business but it can also be a business which isn’t as profitable as Wall Street investors want and has salable assets. The debate between short term and long term value is a famous example of how priorities shift based on the investors’ timeframe.