Most of those companies were anything BUT "fine" when Bain took them over! You're as ignorant about business as you are about economics.
AmPad had been around for 100 years before Bain came in and looted it.
GS Steel had a long history.
I could repost a bunch of articles that detailed how Bain used these companies as personal piggy bank and then left lending institutions holding the bags on them when they pulled out.
How Mitt Romney made his huge fortune - Boston Globe expose
In 1992, Bain Capital acquired American Pad & Paper, or Ampad, from Mead Corp., embarking on a ''roll-up strategy'' in which a firm buys up similar companies in the same industry in order to expand revenues and cut costs.
Through Ampad, Bain bought several other office supply makers, borrowing heavily each time. By 1999, Ampad's debt reached nearly $400 million, up from $11 million in 1993, according to government filings.
Sales grew, too - for a while. But by the late 1990s, foreign competition and increased buying power by superstores like Bain-funded Staples sliced Ampad's revenues.
The result: Ampad couldn't pay its debts and plunged into bankruptcy. Workers lost jobs and stockholders were left with worthless shares.
Bain Capital, however, made money - and lots of it.
The firm put just $5 million into the deal, but realized big returns in short order. In 1995, several months after shuttering a plant in Indiana and firing roughly 200 workers, Bain Capital borrowed more money to have Ampad buy yet another company, and
pay Bain and its investors more than $60 million - in addition to fees for arranging the deal.
Wow, that sounds a lot worse than just making six figures on cattle futures, somehow.
But it's okay, Romney had a dick. Or he was a dick. And a Mormon, but I repeat myself.
