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kleinbl00  ·  3135 days ago  ·  link  ·    ·  parent  ·  post: The Hedge Fund Killing Field

Fuckin'A. I mean, I ducked out of Sun Edison having only lost about $20. I knew it was a horrorshow. I did not know it had destroyed three billion in value.

And I had no idea what a pigfuck Valeant was.

I mean, you can't avoid the headlines. But HOW THE FUCK does a company that does 8 billion in revenue, and under a billion in profit, rack up THIRTY ONE BILLION DOLLARS in debt? Particularly when an investigation of their offerings turns up a stone crapton of generics that have been around for decades? I mean, their money makers appear to be cortaid and ativan.

You're right, though, about the money quote. I follow Theranos much too closely because my wife hates Quest Diagnostics and Lab Corps with a blinding passion and we'd love to see someone disrupt the fuck out of that market. But all they really had was a college dropout in a Steve Jobs sweater and a $9b valuation. She's gotten 7 times as much money as Barry Minkow and he actually cleaned carpets. Time put it pretty nicely:

Theranos is the collision of hope and greed.