Big upside for the very brave?

Back in the heady IPO days of 2007 we wrote a commentary on the IPO of Superglass, entitled: “Loaded with huge levels of debt, the private equity boys are dumping this one on the market for us to enjoy!” We commented how institutions appeared to be lapping up these private equity dumps on the market, high debt levels notwithstanding, and questioned when they might come to their senses. With the latest rescue fund raise our initial fears have been fully realised, however, there might now be big upside for the brave .