RE:RE:RE:RE:RE:$325 million in long term debtjdsd0517 wrote:
Fair enough, agree to disagree. I have seen founders sell their companies and only care about the cash up front. As far as they were concerned, they took stock to get the deal done and didn't care a lot about whether there was a "loss" relative to the transaction price. In fact, I know founders that sold because they were pissed off that the value of their baby was obscured by the fact that it was in a larger, disparate entity (conglomerate discount). My opinion is coloured by my experience.
I already said the same re:cash. We say the same garbage in different ways.....
May 26, 2022
"How do you know that the previous owners didn't make out like bandits with just the cash? what did they have in to these stellar companies that WELL bought with their superior capital allocation skills (who also did a buyback a month before they diluted again)? Lol. and the shares would be a bonus at any price they sell at?" Cash As I said, selling is typically an exit strategy not a career starter. WELL "technologies" will also have to hope that these founders don't bail (retire?) especially if they're peeved about their "baby" (as you term it) and how it's been treated since there's already a shortage of doc's and other professionals within the healthcare realm. And to add, doctors and lawyers are notoriously poor business people. I've had friends (dental and MD's) that had their own clinics for years....decades. They openly admit this and studies have been published on this very subject. It goes back to there are only so many hours in the day. Sure hire a manager but if the doc(s) are taking direction from someone on what to do I can see a lot of friction between them and said managers and corporate.
All this talk about "organic" growth and cross selling is bunk anyway. I said it before in past posts, there are only so many hours in the day and only so many operating hours in the day along with staffing etc. There's a limit to this "organic" growth and is why they have to keep on acquiring, financing, debt blah blah blah....
Again, the term is serial acquirer. I've never seen a successful one.