The Ruckus-to-Belden sale has all the smell of a polished used-car pitch: shiny numbers, big promises, and just enough spin to make the buyer believe they were getting a prize.
In my view, Chuck and the Carlyle playbook were not about building a great company or a great product. They were about packaging the story, dressing up the numbers, and extracting value before someone else had to live with the consequences.
Best used-wasel-car salesman energy.
poor ba----ds.....
What’s the severance like?
Once Belden figures out what they just bought they will layoff more people on the Ruckus side.
My last day is Friday! Goodbye.
The level of debt to acquire Ruckus leaves no room for error. When the broader economy slows down and interest rates rise, the cost of servicing the $1.85 billion loan will get them in a lot of trouble.
Correct. Can enough folks to look good for a couple quarters. Sell. Profit in execs pockets. Hopefully the company is successful, but it is cut to the bones right now.