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by toyg
3418 days ago
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People selling to PE can usually see the writing on the wall, so they're eager to leave with whatever cash they can still get. That makes for low prices. Buyers always think that they have some insight about the business that can materialise some yet-unrealised potential. You've probably done it yourself a few times, "if only Company X did this and that, instead of what they're doing now -- they'd make loads!". Everyone knows PE don't know how to run businesses beyond the basics, so buyers will always see untapped potential. That makes for high prices. |
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