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 [转帖]金融职业介绍普及版 |
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[转帖]金融职业介绍普及版 -- OrientExpress - (4363 Byte) 2007-7-11 周三, 21:41 (2837 reads) |
ceo/cfo
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作者：ceo/cfo 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
$2.7 trillion in the first 6 month of 2007 and lot more in 2006! However, I think the trend will slow down and eventually stop due to the higher cost of debts, fewer numbers of the willing lenders, and the smaller pools of the target companies. To me this is another tool of financial engineering somewhat in the same nature as the subprime mortgage loan, mbs, cdo. Sooner or later those financial engineers will eat their own cookings. But for PEs' practices, many other people would get hurt if things start to get wrong. What PE normally does is to buy the companies with hefty cash reserves, positive cash flow, load them with huge debts, cut the cost to the bone, maximize the profit margins but pay little attention to the employees, suppliers, customers because PE people have almost zero knowledge about the operations of the target companies. Their bottom line is to turn a quick buck. When the general economy slows down and the business goes south, any company highly leveraged cannot make it!!! If the company bellies up, the employees will be left on the streets, the lenders, insurers, and the pension funds will suffer from losses, while PEs have already milked the cows for their last drop of milk. China shall be very cautious to learn this kind of financial trick, IMHO. 
Mind you, the latest trend for large PEs is to file for IPO, to cash in for the public money at the peak, IMHO. After Fortress and Blackstone IPOs, KKR, Och-Ziff Capital have just announced their IPO plans. Several others are thinking the same. In the financial games, only the small guys get hurt.
作者：ceo/cfo 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 [转帖]金融职业介绍普及版 -- OrientExpress - (4363 Byte) 2007-7-11 周三, 21:41 (2837 reads) - It is true that PEs have shown their mussels by spending -- ceo/cfo - (1598 Byte) 2007-7-12 周四, 00:23 (487 reads)
- 超喜欢!! 谢谢 -- 卫嘴子 - (0 Byte) 2007-7-11 周三, 22:36 (267 reads)
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