First good idea

[icetonez]

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"My somewhat charitable characterization of DSUP is their business earns a lumpy 10% ROIC (excluding badwill). Perhaps not a terrible business if you lever the assets 50% at 6% interest. Unfortunately they're levered 120% at 12%. "


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Debt refinance comes in at a blended rate of ~7.6.

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Progress! I almost own a not terrible business.