Not good for anyone - except KKR. Ever see "Babarians at the Gate"?
This is the way they operate: The buy a company. Sell off as much assets as possible. Downsize (ie: layoff) workers. Turn the remaining workers into pack mules (ie: do their job + the job of the laid off workers). Sell the remnanats to the next sucker for even more profit. They usually do this in about an 18 month timeframe.
In fishing terms- They buy a fish for $5. Sell the fillets for $5. Sell the guts for $2 as crab bait. The sell the carcass as shark bait for $3. As you can see the $5 investment turns into $10.
Unfortunatley, the American workers and eventually consumers wind up loosing in the end. This is the problem with corporate America today and why things are the way they are.
As a person that has dealt with Academy on the vendor level, they were no different that Costco, Sam's or the like. They also want some vendors to sign a contract that it was acceptable from them to send a vendor's product to China to reverse engineer at no recourse.
New company may or may not change how they worked, but the previous owners were nothing to write home about with their practices and late payments.
Linear Mode
