Wasn't a particularly encouraging report. Most businesses doing ok, a number have exposure to the sequester. Recent outside estimate of broader impact of sequester was potentially 15-20% topline impact for service firms, as much as 75% topline impact for product mfrs. The bottom line impact in both cases would be substantially worse. Mgmt. seem like typical private equity 'tap-dancers" on the call, dancing around the issues with rose colored glasses -- much as they did when the former CEO was caught with his hand in the cookie jar stemming from a business transaction he was looking at on behalf of CODI. The company of course suggested the matter was a "personal issue".
Are you getting your information of "75% topline impact" from the same people that canceled the White House tours? That is outlandish poppycock. Regarding private equity, sounds like you have an axe to grind. Doubt that you understand business development companies. This company has thrived and paid ever increasing dividends during the tenure of the previous CEO. It continues to do so now. The existing management has placed their bets on this company with their own dollars. That is generally a meaningful indicator.