They're a bad investment because they're riddled with debt. They've taken out long-term leases on properties that they're liable for. In a downturn their customers will probably vanish leaving them with their liabilities. Plus, they don't really have a moat. So all in all, it seems like the founder is doing anything possible to cash out before the house of cards comes crashing down.
Comments
They're a bad investment because they're riddled with debt. They've taken out long-term leases on properties that they're liable for. In a downturn their customers will probably vanish leaving them with their liabilities. Plus, they don't really have a moat. So all in all, it seems like the founder is doing anything possible to cash out before the house of cards comes crashing down.