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TURNING RUST INTO GOLD

机译:将锈变成金

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摘要

When Barry Rosenstein visited the headquarters of auto-salvage outfit Copart Inc. in 1993, what greeted him didn't scream: "Great investment!" Recalls Rosenstein: "I drove up there, and there was a junkyard, with a bunch of wrecked cars, a barbed-wire fence, and a metal building." Rosenstein, then a partner with San Francisco investment firm Genesis Merchant Securities LLC, was looking to invest in companies that could lead the consolidation of their industries, and salvage firms were a possibility―no matter how bad they looked.
机译:当巴里·罗森斯坦(Barry Rosenstein)在1993年访问汽车救助机构Copart Inc.的总部时,招呼他的人并没有大喊:“投资巨大!”回忆罗森斯坦:“我开车去那里,那里是一个垃圾场,里面有一堆失事的汽车,铁丝网和金属建筑。”罗森斯坦当时是旧金山投资公司Genesis Merchant Securities LLC的合伙人,当时正寻求投资于可以领导其行业整合的公司,而救助公司也有可能-无论它们看上去多么糟糕。

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