Thursday, June 16, 2011

Stage Stores emerges from bankruptcy

Stage Stores emerges from bankruptcy


So Mitt Romney's BAIN CAPITAL captured Stage Stores, forced them to buy 240 stores to look good on paper, pumped the stock up to record levels, pulled out their management fees and sent Stage Stores into bankruptcy. When Stage Stores used bankruptcy to shuck 52 cents on every dollar it owed, and dumped the 249 stores it never needed in the first place, it came out of bankruptcy while it's stockholders went into personal bankruptcy for believing the pump-and-dump stock scheme.