Monday, August 14, 2006

Burger investors

Goldman Sachs and Texas Pacific Group collected hundreds of millions of dollars in payments from this company before it went public, including a special dividend of $367,000,000. Miami-based Burger King became a publicly traded company May 18. About $350 million of the $392 million in net proceeds raised in the IPO was used to retire secured debt.

This is another great reason why Chippewa Partners has never involved clients with IPO's. If these companies were so great for the private equity guys why would they sell them to the general public? The beat goes on, buyer beware.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173