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  1. #11
    Senior Member Duck Rodgers's Avatar
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    The debt is already built into that 2 billion price(and is that even the price they paid or just the value of their portion + the equity that others still own?) . Whatever debt they may have had was still at a reasonable level that Blackstone paid 2 Billion for a "majority" stake in that equity(whatever majority means in this situation). It's not 2 billion(or however much they invested at this time) minus the debt. It's 2 billion(*) divided by however the share structure was divided amongst those different partnerships that owned the equity that was bought. I'm sure he had a nice tax bill to deal with though on whatever he ended up getting after it was all divided up.

    Just looking at that deal, Blackstone looks like they got taken to the cleaners unless Vivint really has a lot more growth potential. I'm all for them doubling or tripling in size and ruling the world though because it will only benefit Provo.
    Last edited by Duck Rodgers; 01-07-2013 at 10:36 PM.

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  3. #12
    Senior Member Beantown's Avatar
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    Reports are Vivint Solar is really why Blackstone wanted them. Solar is the next big door to door product.

  4. #13
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    Quote Originally Posted by PKM View Post
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    I know the Founder .. he just sold the company and pocketed $2BB+ ... he's okay with this.
    More misinformation from PKM. Shocker.

  5. #14
    In pursuit of #9 Dr. Jones's Avatar
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    Quote Originally Posted by Gyp Rosetti View Post
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    More misinformation from PKM. Shocker.
    You are a perpetual douche bag. I know Todd well. He told me, personally, that he 'made' $2BB on Vivint.

    I guess you would have said, "oh yeah, prove it Todd .. let me see your agreements, balance sheets, bank statements, and tax returns."

    Your schtik of being an ass proves nothing more than your level of idiocy. For 6 months I've been nice to you in spite of your douchiness .. done with that.

    **** you.
    Fortune and glory, kid. Fortune and glory.

  6. #15
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    Quote Originally Posted by PKM View Post
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    You are a perpetual douche bag. I know Todd well. He told me, personally, that he 'made' $2BB on Vivint.

    I guess you would have said, "oh yeah, prove it Todd .. let me see your agreements, balance sheets, bank statements, and tax returns."

    Your schtik of being an ass proves nothing more than your level of idiocy. For 6 months I've been nice to you in spite of your douchiness .. done with that.

    **** you.
    Oh my.

  7. #16
    Senior Member Zulu's Avatar
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    Quote Originally Posted by Gyp Rosetti View Post
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    Oh my.
    Watch out Wes gyps gonna go all Cy on you and neg you into the Stone Age!!

  8. #17
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    Quote Originally Posted by Zulu View Post
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    Watch out Wes gyps gonna go all Cy on you and neg you into the Stone Age!!
    I'm gonna neg myself?

  9. #18
    Free at last!!! bigb's Avatar
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    I know nothing about this Iris system, but the idea of receiving an email or text about an alarm is a good one. I know somebody who used to work at Control4 here in Utah. Since he was a salesman there, he got all the equipment on the cheap. He had it set up to where he could control everything in his house from his iphone. He could do lighting, sound system, heating/cooling, etc. all remotely. He didn't even have to be in the state. He said that one day while they were on vacation, he got an email saying that his garage door had just gone up. Rather than call the cops, he called his sister (who lived a few blocks away). She confirmed it was her. By not having an alarm company automatically call the cops, it saved all that mess of a false alarm.
    In the time it would take to call a neighbor before calling the cops, there's not much more that a burglar could do that he couldn't do without that extra minute.
    ​Gobert or go home


  10. #19
    Senior Member Beantown's Avatar
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    Quote Originally Posted by bigb View Post
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    I know nothing about this Iris system, but the idea of receiving an email or text about an alarm is a good one. I know somebody who used to work at Control4 here in Utah. Since he was a salesman there, he got all the equipment on the cheap. He had it set up to where he could control everything in his house from his iphone. He could do lighting, sound system, heating/cooling, etc. all remotely. He didn't even have to be in the state. He said that one day while they were on vacation, he got an email saying that his garage door had just gone up. Rather than call the cops, he called his sister (who lived a few blocks away). She confirmed it was her. By not having an alarm company automatically call the cops, it saved all that mess of a false alarm.
    In the time it would take to call a neighbor before calling the cops, there's not much more that a burglar could do that he couldn't do without that extra minute.

    This is basically what the Iris system does. I think the best think is being able to control lights and temperature. My brother has the system that lives in Pheonix and when they are on vacation he can turn on the air conditioner like an hour or so before they get home. This way its not an oven when get gets home

    If people jus want temperatue control only look into the product called "the nest".

  11. #20
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    Is this regional, more in the Utahr area?

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