Quote:
Originally Posted by will76
If it was just AFF/Cams they would be fine, and would have remained profitable. They would have been in a decline, especially with AFF as that has peaked but it still would have made good money.
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My understanding of it all is the EBITA #s are good, it's the interest that's killing them. The debt they are struggling with is largely due to the purchase price Penthouse paid, and the interest on the loans they took out, to aquire the company from the original owner. I do remember he had been shopping the company around for a while before the sale, I would estimate a year give or take. He saw the timing as being optimal to make his exit and as things have panned out it looks like he had some amazing timing
