How to lose $700 million: The rise and fall of Stroh's

[blakpacman]

https://finance.yahoo.com/news/how-to-lose--9-billion-202413101.html

 

[Bob111]

leverage..you have to be very careful with it. traders included

 

[blakpacman]

The old saying that wealth doesn't last 3 generations applies.

 

[kut2k2]

Sooner or later the exact wrong heir gets put in charge of the family business then BOOM. Tragic.

 

[toc]

Growth via acquisition.............financed by debt...........when debt is called suddenly then chips fall apart in less than a week.

Seen two companies (private) where Friday end was normal and then by Tuesday morning the top management was busy in the bankruptcy court.

 

[nazzdack]

----yahoo.com....
----how-to-lose--9-billion....

Even as a toddler, I knew Stroh's was a horrible beer.

 

[kut2k2]

Even as a toddler, I knew Stroh's was a horrible beer.

Then how do you explain the $700 million? Clearly somebody liked paying for it and drinking it.

 

[trade4love]

The old saying that wealth doesn't last 3 generations applies.

lol