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troph

Certifiably Surly
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    20579
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Everything posted by troph

  1. We keep leaving the three wide open it won’t just be shedrick holding his nuts
  2. It’s a fucking conspiracy !!
  3. Let’s not get into a 3 point shooting contest mkay Texas?
  4. Last shot of the half says you right
  5. Tre trying to hard to make the one shining moment reel.
  6. RT isn’t know for reading the room.
  7. That was not a defensive foul Jesus
  8. Leaving the 3 open, not getting the rebound. Come on horns should be 8-0 now.
  9. Small but actually talented I think this team coulda been really good - not top of the league good but definitely top half of the league. The fact that it isn’t well…. fuck it, let’s go!
  10. I know I know, small pox vax scar would not bang. It’s fine.
  11. I never bought a pair of tits. But I got em. I’m pretty proud of that. still haven’t paid for love. I prefer to take the cheap branded ball point pens at the restaurants. I’ve got a Clark’s aspen pen that I love. I don’t buy foot massagers or back rub things or other body things like that but my mom gets them for me every Xmas. I don’t buy shitty wine but people give it to us all the time.
  12. Private credit deals can insulate a company from a change in management / ownership. We are doing 3 of these this year but they only delay the sale. The sale to PE firms is still lurking out there.
  13. PE firms are just a pure expression of capitalism. That’s for another discussion. Many PE firms buy founder led companies. Most founders want to make money - true - but it started with an expertise or a passion for the company’s mission they started and not just profit. That can often be lost in an acquisition by anyone, not just a PE firm. Add the structure used and it can compound the issues. Many times PE firms use significant debt in their acquisitions. That debt is often private credit (either primary or mez debt behind a more traditional lender). private credit can have flexible terms early but higher interest rates and short term maturities which can require a refi or a sale. Add the pressure of realizing good annualized returns and there is pressure to increase EBITDA to elevate out of a 5x multiple and get to an 8x multiple or even further up the chain. So while the people aren’t necessarily bad people, the deal structure itself encourages a 3-5-7 year strategy and a go-go-go mentality at the operator level which can sacrifice the intangibles that made a company a great company to begin with. What’s left may still be a solid business - maybe even better in some ways - but it will be different with that different ownership group.
  14. I was pretty green to the world at age 11 but even then I thought my dad was a tool, it was just a bumper sticker and decent people said the place was fun. Jesus Johnny I thought as my dad pulled out his belt. It’s not like you were gonna win over the doctors and lawyers at church rolling up to the K-Bob’s Steakhouse in an 11-12 year old Caprice Classic with vinyl seats but for a Tumbleweed bumper sticker.
  15. yep. anyone have a beat on 2 for saturday i'm agreeable.
  16. I fell asleep in the 11th - no booze - realizing either we win and go on or we lose and arrive Friday focused like a man from Sinton. Win-win.
  17. I'll buy two for saturday if you have them still.
  18. CSB… I was maybe 11, spent Saturday night at a friends, they were cool, their parents went out dancing a lot. I made a deal with my folks to spend the night but I had still had to go to church the next morning - appearances and all. My friend’s parents had an extra bumper sticker for the “Tumbleweed” a bar and dance hall that used to be located on the big hill on 2222 before 620. Anyway I took the bumper sticker home(with permission) and first thing before we left for church I affixed it to our family’s 1974 red Chevy caprice classic (it’s 1986). I did a terrible job, it was wrinkly and crooked but my bumper sticker was on the car for all the monied Hyde Parkers my dad wanted to impress to see. He didn’t notice until walking back from lunch at some steakhouse spot with one of those all you can eat salad bars when one of his church “friends” pointed it out laughing. It was a classic Simpsons point and laugh. Pretty sure I got my ass beat for that. Pretty sure he never impressed anyone at that church either.
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