Sea-doo, Ski-doo, dog-poo... avoid this Bain IPO at all costs

The Ski-doo folks still make some sexy stuff. There's nothing like racing an avalanche down a mountain on a 300 horsepower snowmobile! Youtube has all sorts of that stuff., and every once in awhile when the avalanche wins it makes headlines in the mainstream.

But don't let that make you think the pending BRP IPO is something you'd want to touch with a twenty foot pole.

Bain Capital has had controlling interest in the Ski-doo brand for ten years. In that time they've been busy slashing wages, offshoring manufacturing, and loading the company up with debt. Bain's track record shows they get an A+ for making money for Bain and a D- for building viable companies.

We'll have to see the particulars of the IPO, but I'm guessing the only folks who'll make money on this are Bain and the guys smart enough to go massive short right off the get-go.