U.S. private equity firm Cerberus Capital Management said on Tuesday it will immediately begin selling its investment in gunmaker Freedom Group in light of last week's school shooting in Connecticut.
Cerberus to sell gunmaker Freedom Group after shootings | Reuters
This may not be good. Cerberus, a multi billion dollar operation, is dumping one of its most profitable businesses.
I can't help but think that they know something is up and that they are getting rid of the guns buisness before the stock market drops to the point that it is no longer profitable. Do they know something we dont?
I dont beleive that things happen by accident in the buisness world. They are jumping ship while they can. They expect bad things to happen and I am pretty sure that they are capitalizing on some sort of insider info.
Comments and thoughts?