Batista Update There is an interesting article in this weeks Economist, AUG 18 edition, entitled "Batista Battered" which points out he is going through a rough patch at the moment. The summary is that his paper fortune has tumbled since March from $44B to $15B andhe is now down to 46th richest from 7th - poor guy!!
This of course is very relevent to the discussions we suspect are ongoing between him and RH. It could be he does not have the flexibility or the power to raise cash that he had 6 months ago. His other assets are not performing and certainly not well enough to spin off sufficient cash to fund new acquisitions and bring them to market. In addition, his new financial situation could give potential backers/investors pause. I am starting to like Oldtimers scenario more and more.