Nov. 19 at 8:56 PM
$PETS At this point you have to worry about your own board members fucking you permanently with a take-under. One could come in, buy the firm for
$50 million, lever it up with some debt, pay out the proceeds as a dividend, and own the whole thing for next to zero net investment. Sycamore just did this model with Walgreens and I'd be worried about Peter Batushansky taking this opportunity back to L2 Partners to finish off shareholders once and for all. This band of clowns has given shareholders no reason whatsoever to trust their stewardship.