Private Equities

Private equities are a most profitable form of engineering.  To be more specific, FINANCIAL engineering.  I rarely touched anything offered on the market by private equity companies.

Dick Smith was sold by WOW to Anchorage, a private equity group for $94 million not that long ago but after a year, idiots bought it at $2.20 valueing it at $520 million.  Of course, WOW management was savaged for selling its electronic retail arm at such a low price.  Brokers were echoing the same optimistic sentiment as the people who sold it to gullible investors!  Were they 'paid' to sing the same song?

Yesterday, it crashed to 35c.  You can expect more falls as its business model is condemned by... Gerry Harvey!  He is NOT a stockbroker; he is a very successful businessman.

Not all financial engineering efforts are a disaster... but private equity companies are not there to make you rich.  The same broker involved with the float of Dick Smith is now warning their clients about the stock!  Macquarie gets to fuck their clients twice; once when they bought into it and twice when they sell.  It also got a big fuck when it floated Dick Smith...

What is the difference between a prostitute and Macquarie?  You, the client, pay to fuck a prostitute but Macquarie gets paid to fuck their clients... by their clients.  More lucrative than being a gigolo!  And no worries about STDs....