So Elliot is a hedge fund that buys debt .. ATT.. Frontier.. Windstream. Can someone please explain to me exactly what the primary purpose of Elliot is?
4 replies (most recent on top)
How many Wall Streeters does it take to “fix” a lightbulb?
6:
1 to smash it with a baseball bat
5 to find buyers for the fragments
Elliott existence is to make money
You buy cheap debt and cash in when the company goes belly up by selling off the assets that are worth money. Everything else is sold off at firesale prices.
You definitely work for Windstream. Ask a question you can google yourself.