I personally don't believe this will happen, but I'm a little anxious when I hear about bankruptcy. Why do I hear more and more people mention it as if it is very likely to happen? How close is the company to bankruptcy, what do you think?
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What do I know about big bidness! But since they invested money "borrowed from themselves", any bankruptcy will end in restructuring, I'd say. Liquidation, and it's their own cash getting kissed away.
19% revenue decline in 2021, forecast of 15% to 16% decline for 2022, and 2.8 billion in debt maturing in 2024.....yeah bankruptcy is inevitable. The only question is do they liquidate or restructure.
When PE buys a company, they either build it up to take it public or chop it up and sell it off. West will never go public, ever again. It is a hodgepodge of products and services that are commodities. They have been cutting headcount for years, trying to trim costs to make the balance sheet look better, but have have had very limited success in selling off the BUs. I assume West is swimming in debt, which when coupled with the commoditized products and services, makes it difficult to find buyers. That means bankruptcy is a real possibility to deal with the debt. Apollo has held West for 5 years, so something will happen sooner rather than later.