From the NYT paper.
"[AFF] posted a net loss of $29.9 million on $48 million in revenue in 2007. For the first nine months of 2008, FriendFinder had operating income of $17.6 million and a net loss of $32.3 million on $244 million in revenue."
So my thinking is their debt is not just from the initial purchase. When a company losing money goes for an IPO, it better have huge upside potential. I'd say AFFs best days are well behind them. If they haven't made money yet, I doubt they ever will.
But like was said earlier, I'm an armchair billionaire. The real billionaires seem to be able to make money out of thin air....at least until the taxpayers bail them out
