\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

If we’re in a recession why is my M&A as busy as ever?

*group. Are we going to plough through this recession largel...
appetizing buff tanning salon dopamine
  08/21/19
If you're in M&A you should know better than this poast....
High-end home
  08/21/19
Im a second year who has no experience with ITE. I know that...
appetizing buff tanning salon dopamine
  08/21/19
180
bull headed diverse idea he suggested place of business
  08/21/19
Yes
180 hilarious roast beef
  08/21/19
You’re not Obeezy!
appetizing buff tanning salon dopamine
  08/21/19
Yes, and I'm also saying we are by definition not in a reces...
High-end home
  08/21/19
Cr. There’s a rush right now while the music is playi...
abnormal erotic location love of her life
  08/25/19
There's a lag. It's not like you're working on transactions ...
slate stock car office
  08/26/19
...
fantasy-prone razzmatazz theater stage jew
  08/21/19
...
Ebony crackhouse
  08/21/19
You have to industry by industry, IMO. Why is X selling and ...
useless insanely creepy sweet tailpipe
  08/21/19
Fair. I don’t have an industry focus and most clients ...
appetizing buff tanning salon dopamine
  08/21/19
Well the PE funds have to spend the investor’s cash in...
Lascivious Hall French Chef
  08/21/19
the error in your second sentence is unacceptable and not re...
Spruce gunner
  08/21/19
? maek it is firm style
appetizing buff tanning salon dopamine
  08/21/19
your inability to spot the actual error in your second sente...
Spruce gunner
  08/21/19
v concerning
appetizing buff tanning salon dopamine
  08/21/19
...
shimmering half-breed telephone
  08/26/19
Also, what kind of PE funds are they? What is their exit str...
useless insanely creepy sweet tailpipe
  08/21/19
yeah corporate consolidation and companies selling themselve...
French ruddy stain
  08/21/19
...
Adventurous dun pervert personal credit line
  08/25/19
industry consolidation to fuck over consumers will exist in ...
charcoal abode
  08/21/19
...
vengeful filthy temple
  08/21/19
Recessions cause M&A. The only things that drive M&A...
fantasy-prone razzmatazz theater stage jew
  08/21/19
not in 2009
High-end home
  08/21/19
Are you unaware that 2009 was a credit crisis?
fantasy-prone razzmatazz theater stage jew
  08/21/19
...
Ebony crackhouse
  08/21/19
...
mildly autistic lay
  08/25/19
we're not in a recession
bossy lime kitchen
  08/21/19
I don't think we are in a recession. But M&A was great f...
Jet well-lubricated persian site
  08/21/19
You're going to die HTH
bull headed diverse idea he suggested place of business
  08/21/19
Don't have kids or buy a house
bipolar shaky nursing home
  08/21/19
Too late!
appetizing buff tanning salon dopamine
  08/21/19
Debt is super cheap hence M&A and buybacks
Black nowag
  08/21/19
Rush Limbaugh said yesterday we are NOT in a recession but t...
hyperventilating abusive market police squad
  08/21/19
...
hyperventilating abusive market police squad
  08/26/19
...
coiffed roommate locale
  08/25/19
who's saying we're in a recession right now?
sapphire wonderful church building
  08/25/19
Libs
coiffed roommate locale
  08/25/19
Libs and the media are trying to meme one into existence
hairless snowy faggotry hell
  08/25/19
lagging indicator...besides we are not in a recession...YET
Plum Elite Pit Preventive Strike
  08/25/19
2nd year lawyers really have their fingers on the pulse of M...
passionate unhinged institution
  08/25/19
Sup JJC
coiffed roommate locale
  08/25/19
...
exciting avocado national
  08/26/19
...
hyperventilating abusive market police squad
  08/26/19
OP. You should listen to this. It was a very valuable analys...
fantasy-prone razzmatazz theater stage jew
  08/26/19
Walk me through how a corporate finance 101 question about E...
passionate unhinged institution
  08/26/19
We all have our role to play.
frum patrolman forum
  08/26/19
Because the only reasons interns exist is as a favor to thei...
fantasy-prone razzmatazz theater stage jew
  08/26/19
Basically this is 95-100% wrong but intuitively appealing to...
passionate unhinged institution
  08/26/19
Sage Kellys make the deal while giving Ginni Rometty her thi...
fantasy-prone razzmatazz theater stage jew
  08/26/19
like 80% of America is broke now. no such thing as a recessi...
scarlet know-it-all area
  08/25/19
...
bull headed diverse idea he suggested place of business
  08/27/19
...
coiffed roommate locale
  08/26/19
What happens when there is just 1 megacorp?
laughsome fiercely-loyal chapel codepig
  08/26/19
huge money to be made taking it apart. The pitch books about...
passionate unhinged institution
  08/26/19
Hilarious CBS spins off from Viacom then spins back on! iBan...
laughsome fiercely-loyal chapel codepig
  08/26/19
Lol pretty much
passionate unhinged institution
  08/26/19
Lol anyways gotta go!
coiffed roommate locale
  08/26/19
Dude presumably this is an inside joke? I’m a grown ma...
passionate unhinged institution
  08/26/19
With the tax benefits, this deal practically finances itself...
useless insanely creepy sweet tailpipe
  08/26/19
Did TCJA devastate finance
laughsome fiercely-loyal chapel codepig
  08/26/19
I think it depends on the structure. I donct do much PE but ...
useless insanely creepy sweet tailpipe
  08/26/19
Made interest non deductible?
laughsome fiercely-loyal chapel codepig
  08/26/19
A lil out of my element here, but I believe you are now allo...
useless insanely creepy sweet tailpipe
  08/26/19
It capped the interest deduction but allows for 100% deducti...
passionate unhinged institution
  08/26/19
Buffett crushes the market. PE is scam for fees to the owner...
laughsome fiercely-loyal chapel codepig
  08/26/19
If it were a scam it wouldn’t be so popular with insti...
passionate unhinged institution
  08/26/19
Institutions are corrupt as fuck and kicking back to their f...
laughsome fiercely-loyal chapel codepig
  08/26/19
Very cogent analysis imo good job. note that kkr has blown t...
passionate unhinged institution
  08/26/19
thanks to the 80s funds returning like 3x. 2000s have been s...
fantasy-prone razzmatazz theater stage jew
  08/28/19
https://ir.kkr.com/static-files/b010dd22-8620-4e1e-867f-bdaf...
passionate unhinged institution
  08/28/19
LOL at my megacorp we're literally re-acquiring a company we...
Lemon ladyboy
  08/26/19
Are you using the same ibank?
laughsome fiercely-loyal chapel codepig
  08/26/19
Same banks, same firms haha. Corp Dev are popping champagne...
Lemon ladyboy
  08/26/19
Haha
coiffed roommate locale
  08/26/19
What a surprise this thread devolved into JJC’s unfath...
cruel-hearted primrose principal's office
  08/26/19
edit actually not worth it
passionate unhinged institution
  08/26/19
what does junior finance work mean?
hairless snowy faggotry hell
  08/27/19
...
passionate unhinged institution
  08/27/19
that's not jjc jjc knows 0 nitty gritty finance all he can ...
painfully honest sound barrier menage
  08/29/19
Just got staffed on another deal., have to get any issues li...
coiffed roommate locale
  08/27/19
Cr, billing my 15th hour today. Ljl, just ljl at recession c...
appetizing buff tanning salon dopamine
  08/28/19
...
bull headed diverse idea he suggested place of business
  09/20/19


Poast new message in this thread



Reply Favorite

Date: August 21st, 2019 10:23 AM
Author: appetizing buff tanning salon dopamine

*group. Are we going to plough through this recession largely unfazed? Starting to wonder if the rumors of ITE 2.0 have been exaggerated.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719343)



Reply Favorite

Date: August 21st, 2019 10:39 AM
Author: High-end home

If you're in M&A you should know better than this poast.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719429)



Reply Favorite

Date: August 21st, 2019 10:43 AM
Author: appetizing buff tanning salon dopamine

Im a second year who has no experience with ITE. I know that this business is fraudlies all the way down but haven’t noticed any slowing or softening in work at all. So you’re saying the music will just stop one day and we’ll all be fucked?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719453)



Reply Favorite

Date: August 21st, 2019 11:05 AM
Author: bull headed diverse idea he suggested place of business

180

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719594)



Reply Favorite

Date: August 21st, 2019 11:06 AM
Author: 180 hilarious roast beef

Yes

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719601)



Reply Favorite

Date: August 21st, 2019 11:21 AM
Author: appetizing buff tanning salon dopamine

You’re not Obeezy!

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719716)



Reply Favorite

Date: August 21st, 2019 11:25 AM
Author: High-end home

Yes, and I'm also saying we are by definition not in a recession.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719747)



Reply Favorite

Date: August 25th, 2019 6:17 PM
Author: abnormal erotic location love of her life

Cr. There’s a rush right now while the music is playing.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38740592)



Reply Favorite

Date: August 26th, 2019 3:00 PM
Author: slate stock car office

There's a lag. It's not like you're working on transactions that started two weeks ago.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744776)



Reply Favorite

Date: August 21st, 2019 11:06 AM
Author: fantasy-prone razzmatazz theater stage jew



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719597)



Reply Favorite

Date: August 21st, 2019 12:50 PM
Author: Ebony crackhouse



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38720259)



Reply Favorite

Date: August 21st, 2019 11:00 AM
Author: useless insanely creepy sweet tailpipe

You have to industry by industry, IMO. Why is X selling and Y buying?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719558)



Reply Favorite

Date: August 21st, 2019 11:14 AM
Author: appetizing buff tanning salon dopamine

Fair. I don’t have an industry focus and most clients are PE firms with broad industry exposure. Maybe I’ll maek if after all

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719667)



Reply Favorite

Date: August 21st, 2019 11:24 AM
Author: Lascivious Hall French Chef

Well the PE funds have to spend the investor’s cash in their funds so I don’t think their deal activity would drop until the economy craters. When that happens banks won’t be willing to lend on the very generous terms they have been over the last few years and the PE funds will get squeezed and their profits will plummet. At which time K&E will conduct mass layoffs of associates and “partners”.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719745)



Reply Favorite

Date: August 21st, 2019 11:26 AM
Author: Spruce gunner

the error in your second sentence is unacceptable and not reflective of the quality this firm strives to produce. what would the client think? please pay more attention to detail. I've booked a conference room on Friday to discuss

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719761)



Reply Favorite

Date: August 21st, 2019 11:39 AM
Author: appetizing buff tanning salon dopamine

? maek it is firm style

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719860)



Reply Favorite

Date: August 21st, 2019 11:47 AM
Author: Spruce gunner

your inability to spot the actual error in your second sentence is beyond my comprehension. the Friday meeting has been pushed to this afternoon. see you at noon

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719923)



Reply Favorite

Date: August 21st, 2019 11:49 AM
Author: appetizing buff tanning salon dopamine

v concerning

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719938)



Reply Favorite

Date: August 26th, 2019 4:26 PM
Author: shimmering half-breed telephone



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745171)



Reply Favorite

Date: August 21st, 2019 11:45 AM
Author: useless insanely creepy sweet tailpipe

Also, what kind of PE funds are they? What is their exit strategy? A venture fund will perform differently from an LBO fund.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719900)



Reply Favorite

Date: August 21st, 2019 11:04 AM
Author: French ruddy stain

yeah corporate consolidation and companies selling themselves instead of investing in themselves and growing are total signs of a prosperous economy

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719583)



Reply Favorite

Date: August 25th, 2019 9:02 PM
Author: Adventurous dun pervert personal credit line



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741316)



Reply Favorite

Date: August 21st, 2019 11:07 AM
Author: charcoal abode

industry consolidation to fuck over consumers will exist in any economy

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719605)



Reply Favorite

Date: August 21st, 2019 12:53 PM
Author: vengeful filthy temple



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38720269)



Reply Favorite

Date: August 21st, 2019 11:08 AM
Author: fantasy-prone razzmatazz theater stage jew

Recessions cause M&A. The only things that drive M&A are access to debt and loose regulatory environment. During a credit crisis, M&A is fucked, but recessions just cause the fed to loosen and provide more fuel.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719609)



Reply Favorite

Date: August 21st, 2019 11:26 AM
Author: High-end home

not in 2009

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719755)



Reply Favorite

Date: August 21st, 2019 11:33 AM
Author: fantasy-prone razzmatazz theater stage jew

Are you unaware that 2009 was a credit crisis?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719814)



Reply Favorite

Date: August 21st, 2019 12:51 PM
Author: Ebony crackhouse



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38720262)



Reply Favorite

Date: August 25th, 2019 8:54 PM
Author: mildly autistic lay



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741287)



Reply Favorite

Date: August 21st, 2019 11:13 AM
Author: bossy lime kitchen

we're not in a recession

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719664)



Reply Favorite

Date: August 21st, 2019 11:27 AM
Author: Jet well-lubricated persian site

I don't think we are in a recession. But M&A was great from 2005-2007 before recession wasn't it?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719769)



Reply Favorite

Date: August 21st, 2019 11:33 AM
Author: bull headed diverse idea he suggested place of business

You're going to die HTH

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719808)



Reply Favorite

Date: August 21st, 2019 11:34 AM
Author: bipolar shaky nursing home

Don't have kids or buy a house

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719823)



Reply Favorite

Date: August 21st, 2019 11:39 AM
Author: appetizing buff tanning salon dopamine

Too late!

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719862)



Reply Favorite

Date: August 21st, 2019 11:34 AM
Author: Black nowag

Debt is super cheap hence M&A and buybacks

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38719824)



Reply Favorite

Date: August 21st, 2019 1:09 PM
Author: hyperventilating abusive market police squad

Rush Limbaugh said yesterday we are NOT in a recession but the drive by media wishes we were because it will hurt Trump.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38720348)



Reply Favorite

Date: August 26th, 2019 2:54 PM
Author: hyperventilating abusive market police squad



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744730)



Reply Favorite

Date: August 25th, 2019 6:15 PM
Author: coiffed roommate locale



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38740587)



Reply Favorite

Date: August 25th, 2019 6:18 PM
Author: sapphire wonderful church building

who's saying we're in a recession right now?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38740595)



Reply Favorite

Date: August 25th, 2019 8:31 PM
Author: coiffed roommate locale

Libs

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741188)



Reply Favorite

Date: August 25th, 2019 8:33 PM
Author: hairless snowy faggotry hell

Libs and the media are trying to meme one into existence

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741203)



Reply Favorite

Date: August 25th, 2019 8:50 PM
Author: Plum Elite Pit Preventive Strike

lagging indicator...besides we are not in a recession...YET

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741276)



Reply Favorite

Date: August 25th, 2019 9:03 PM
Author: passionate unhinged institution

2nd year lawyers really have their fingers on the pulse of M&A volumes ime

op if a firm trading at 20x p/e buys a target trading at 10x p/e in an all stock deal, is it likely accretive or dilutive from the buyer’s perspective? Does it feel silly to label yourself “M&A” anything without being able to answer such a trivial question?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741322)



Reply Favorite

Date: August 25th, 2019 9:19 PM
Author: coiffed roommate locale

Sup JJC

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741380)



Reply Favorite

Date: August 26th, 2019 2:55 PM
Author: exciting avocado national



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744737)



Reply Favorite

Date: August 26th, 2019 2:55 PM
Author: hyperventilating abusive market police squad



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744738)



Reply Favorite

Date: August 26th, 2019 12:46 PM
Author: fantasy-prone razzmatazz theater stage jew

OP. You should listen to this. It was a very valuable analysis for 1970’s mergers

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744058)



Reply Favorite

Date: August 26th, 2019 12:50 PM
Author: passionate unhinged institution

Walk me through how a corporate finance 101 question about EPS accretion that summer interns answer every day made for useful legal analysis in the 70s.

My point is only that it’s lolzy how irrelevant “M&A lawyers” are to actual m&a. “Rent-seeking contract specialist” seems more appropriate imo

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744072)



Reply Favorite

Date: August 26th, 2019 12:57 PM
Author: frum patrolman forum

We all have our role to play.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744111)



Reply Favorite

Date: August 26th, 2019 1:05 PM
Author: fantasy-prone razzmatazz theater stage jew

Because the only reasons interns exist is as a favor to their parents/friends. They keep busy doing mindless bullshit (usually through their analyst program) until it doesn’t look like egregious nepotism to stick them in their dad’s asset management firm.

M&A happens when an MD convinces a CEO to over pay to either empire build, promote anticompetitive pricing or cover their ass for failing to keep up with their industry. They couldn’t give two shits about targetco’s financials.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744147)



Reply Favorite

Date: August 26th, 2019 2:54 PM
Author: passionate unhinged institution

Basically this is 95-100% wrong but intuitively appealing to someone that wouldn’t know any better

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744733)



Reply Favorite

Date: August 26th, 2019 3:27 PM
Author: fantasy-prone razzmatazz theater stage jew

Sage Kellys make the deal while giving Ginni Rometty her third orgasm. JJCs make up the excuses for the CEO to present to the board.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744917)



Reply Favorite

Date: August 25th, 2019 9:22 PM
Author: scarlet know-it-all area

like 80% of America is broke now. no such thing as a recession anymore.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38741390)



Reply Favorite

Date: August 27th, 2019 11:55 AM
Author: bull headed diverse idea he suggested place of business



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38749066)



Reply Favorite

Date: August 26th, 2019 12:44 PM
Author: coiffed roommate locale



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744045)



Reply Favorite

Date: August 26th, 2019 12:51 PM
Author: laughsome fiercely-loyal chapel codepig

What happens when there is just 1 megacorp?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744076)



Reply Favorite

Date: August 26th, 2019 2:53 PM
Author: passionate unhinged institution

huge money to be made taking it apart. The pitch books about conglomerate discount would write themselves.

This may not be obvious if every deal means arguing over “commercially best efforts” vs. “best efforts” from your perspective

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744727)



Reply Favorite

Date: August 26th, 2019 2:57 PM
Author: laughsome fiercely-loyal chapel codepig

Hilarious CBS spins off from Viacom then spins back on! iBankers telling you with a straight face to do both deals!

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744751)



Reply Favorite

Date: August 26th, 2019 3:03 PM
Author: passionate unhinged institution

Lol pretty much

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744798)



Reply Favorite

Date: August 26th, 2019 3:13 PM
Author: coiffed roommate locale

Lol anyways gotta go!

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744848)



Reply Favorite

Date: August 26th, 2019 3:20 PM
Author: passionate unhinged institution

Dude presumably this is an inside joke? I’m a grown man and not autistic sorry

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744885)



Reply Favorite

Date: August 26th, 2019 3:17 PM
Author: useless insanely creepy sweet tailpipe

With the tax benefits, this deal practically finances itself!

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744869)



Reply Favorite

Date: August 26th, 2019 3:30 PM
Author: laughsome fiercely-loyal chapel codepig

Did TCJA devastate finance

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38744933)



Reply Favorite

Date: August 26th, 2019 4:03 PM
Author: useless insanely creepy sweet tailpipe

I think it depends on the structure. I donct do much PE but I understand that TCJA will push buyers to want to buy assets (which allows them to fully expense the assets under TCJA) instead of stock. I think that was always the case, but now moreso.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745082)



Reply Favorite

Date: August 26th, 2019 4:05 PM
Author: laughsome fiercely-loyal chapel codepig

Made interest non deductible?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745095)



Reply Favorite

Date: August 26th, 2019 4:19 PM
Author: useless insanely creepy sweet tailpipe

A lil out of my element here, but I believe you are now allowed to deduct the full cost of the asset instead of stretching it out over years. This should allow you to reduce your tax for that tax yr. Without it, you are have delayed deductions to an asset with a lower present value than when u first bought jt

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745156)



Reply Favorite

Date: August 26th, 2019 4:37 PM
Author: passionate unhinged institution

It capped the interest deduction but allows for 100% deduction of capex. Very much a wash.

Trying to generate excess returns on public markets is a losers game. So money keeps pouring into private markets (like PE). Their biggest issue is finding ways to deploy it all. Sorry I guess

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745206)



Reply Favorite

Date: August 26th, 2019 4:57 PM
Author: laughsome fiercely-loyal chapel codepig

Buffett crushes the market. PE is scam for fees to the owners of the firm, not the investors.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745289)



Reply Favorite

Date: August 26th, 2019 5:24 PM
Author: passionate unhinged institution

If it were a scam it wouldn’t be so popular with institutional investors, no? isnt there value in diversifying into private markets?

The hot take you’re looking for is that it’s just glorified financial engineering. Debt is cheaper than equity and PE guys are great at extracting attractive financing terms from banks/bondholders. That’s prob right but so what?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745382)



Reply Favorite

Date: August 26th, 2019 5:29 PM
Author: laughsome fiercely-loyal chapel codepig

Institutions are corrupt as fuck and kicking back to their frat brothers since they have even less skin in the game.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745407)



Reply Favorite

Date: August 26th, 2019 5:38 PM
Author: passionate unhinged institution

Very cogent analysis imo good job. note that kkr has blown the s&p out of the water since inception

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745433)



Reply Favorite

Date: August 28th, 2019 8:37 AM
Author: fantasy-prone razzmatazz theater stage jew

thanks to the 80s funds returning like 3x. 2000s have been shit.

https://www.calpers.ca.gov/page/investments/asset-classes/private-equity/pep-fund-performance

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38753520)



Reply Favorite

Date: August 28th, 2019 11:52 PM
Author: passionate unhinged institution

https://ir.kkr.com/static-files/b010dd22-8620-4e1e-867f-bdaf7fe89abf

flip to page 48 fwiw

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38757708)



Reply Favorite

Date: August 26th, 2019 3:47 PM
Author: Lemon ladyboy

LOL at my megacorp we're literally re-acquiring a company we spun off less than five years ago right now. In our defense it was unclear at the time of the spinoff that the CEO, CFO and COO were all abject retards who should never be employed by anyone ever again.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745015)



Reply Favorite

Date: August 26th, 2019 3:48 PM
Author: laughsome fiercely-loyal chapel codepig

Are you using the same ibank?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745017)



Reply Favorite

Date: August 26th, 2019 3:51 PM
Author: Lemon ladyboy

Same banks, same firms haha. Corp Dev are popping champagne bottles because we get to remove the incompetent leadership and gobble up all the founders/key employees shares for pennies on the dollar. I have to say, whatever banker advised the spin-off was a genius.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745025)



Reply Favorite

Date: August 26th, 2019 8:00 PM
Author: coiffed roommate locale

Haha

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745990)



Reply Favorite

Date: August 26th, 2019 6:26 PM
Author: cruel-hearted primrose principal's office

What a surprise this thread devolved into JJC’s unfathomable lack of awareness of what junior finance work means.

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745615)



Reply Favorite

Date: August 26th, 2019 7:21 PM
Author: passionate unhinged institution

edit actually not worth it

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38745849)



Reply Favorite

Date: August 27th, 2019 12:29 PM
Author: hairless snowy faggotry hell

what does junior finance work mean?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38749270)



Reply Favorite

Date: August 27th, 2019 2:52 PM
Author: passionate unhinged institution



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38750052)



Reply Favorite

Date: August 29th, 2019 1:40 AM
Author: painfully honest sound barrier menage

that's not jjc

jjc knows 0 nitty gritty finance all he can talk about is how one hedge fund PWNS another in PRESTIGE

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38757978)



Reply Favorite

Date: August 27th, 2019 12:04 PM
Author: coiffed roommate locale

Just got staffed on another deal., have to get any issues list out by COB. Libs?

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38749135)



Reply Favorite

Date: August 28th, 2019 11:59 PM
Author: appetizing buff tanning salon dopamine

Cr, billing my 15th hour today. Ljl, just ljl at recession cucks

(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38757739)



Reply Favorite

Date: September 20th, 2019 11:02 PM
Author: bull headed diverse idea he suggested place of business



(http://www.autoadmit.com/thread.php?thread_id=4327689&forum_id=2#38864666)