"Also, even if they can service the debt that doesn't change the fact they've made a bad investment of several hundred million dollars." -- Um, you're going to have to explain your opinion here, because it sounds like you believe their returns are not indicative of a good investment.

I'm of the opinion that making 290M+ from 475M is a good investment, I don't live near Wall Street so maybe that's not a lot of money these days?