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Message: [QUOTE="JohnFSilver, post: 5105306, member: 1618"] If you are in business school, or lap up stock market, PE people are like gods. If you worked with them, and realize that they have to drop their pants when they go to the bathroom, then you see them more as people. They are capital. They are also using other people’s money to generate returns that consistently heavily out perform the market. So, their interest is in free cash flow. That’s it. That is what they are there to generate .you must know that going in. They are excellent at efficiency, process enhancement and analysis. They are hit or miss on-execution, disregard culture culture and change management, and seriously really don’t focus on the customer. That is my one criticism. Fanatics apparel is a good example of lack of focus on customer and product. It’s all marketing, efficiency, and scale. Their products are actually less quality than what we have had previously at a premium price. Edit: I hate fanatics apparel. [/QUOTE]