May 22, 2023
Pulitzer Prize-winning journalist Gretchen Morgensen, co-author of 'These Are the Plunderers: How Private Equity Runs—and Wrecks—America,' discusses the wide-ranging impacts that private equity firms are having in America, running a large percentage of nursing homes of private equity and hospital emergency departments, media companies and much more. She notes that leveraging companies in order to purchase them and re-sell them at a profit is detrimental to the business, while enriching the wheeler-dealers, leaving a 'circle of pain' after private equity takeovers. Also on the show, Laura Geritz of Rondure Global Advisors says that the entire world is dealing with the inflation problem, but that it impacts smaller companies less, meaning there are good buys among small firms around the globe. She notes that she particularly likes the Mexico market now, dislikes Korea and is working through the complexities of China. Plus, David Trainer of New Constructs revisits an old Danger Zone pick -- a zombie stock that he says is headed to zero -- after a recent earnings surprise made the market consider whether the troubled company remains viable.