Distressed Investing Conference #2

January 25, 2009

One of the most interesting–and telling–observations at the conference came from David Shapiro, KPS Capital Partners, who said that the one investment of theirs that is doing well offers “adult incontinence” products.

Not surprising, is it? After all, this product is offered to a real market with a real need. Given the current state of the economy, those are the only kinds of products and services likely to succeed. Will we finally get back to basics?

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