Sunday, February 13, 2011

The Freep profiles Tom Gores the investment savvy hedge fund billionaire who is currently  trying to buy the Pistons: Well maybe. But when the Illich family brain-trust looked at the Piston's books they came to the conclusion that they were overpriced by about $25 million or so. But then again maybe Gores has a plan to remedy that deficiency, if it in fact exists. Gores is known as a turn-around specialist kind of investor.