peHUB Second Opinion 7.20
The Internet is Dead (As An Investment): James Altucher can live all day on the internet, but he tells clients to "run for the hills" when investing in it. (DJ) Chronicling Facebook Without Facetime: A critical look at the new book "The Accidental Billionaires." Best moment in the book? When the readers learn that Zuckerberg's business cards say "I'm CEO - Bitch." (NYT) PE + Banks: In the South, Navigation Capital Partners and others are on the prowl for bank investments. (Atlanta Business Journal) PE-Backed Bust: Wilton Holdings, the maker of food decorating equipment, backed by GTCR, was forced into bankruptcy by a creditor owned by Towerbrook Capital. That's a recent deal which always confused me given the narrow, narrow narrow niche served by Wilton... (Reuters) 80s Revival: The Pac-Man bid (where a target turns around and makes a bid for its suitor) is back. (Reuters)
