Whenever I see a company go bankrupt now, I search for two words: "Private," and "Equity."
"California Pizza Kitchen Latest Chain to File for Bankruptcy" https://t.co/bNanhbo3Le
Sorry, Robinwood traders – no symbol. pic.twitter.com/KXPiU3EVlQ
— Rudy Havenstein, reaching for yield. (@RudyHavenstein) July 30, 2020
Me too. California Pizza Kitchen was not bad. Better than Pizza Hut.
We’ll be seeing a lot more vulture capital-related failures in the near future. A lot more. It’s the modern equivalent of the Enclosure movement, and the results will be about the same.