Abstract
Bruce E. Toll of Toll Brothers fame knows his investments. And he's looking at methadone clinics. He has invested in for‐profit opioid treatment programs, the technical name for methadone clinics, because he didn't think heroin use would go down. And in fact, the opioid crisis has been good for his bottom line. “We end up getting new customers because of opioids,” he told The Philadelphia Inquirer in a recent interview. “You're on methadone for life.” One of his only investments that didn't produce good results was of the Inquirer, which Philadelphia Media Holdings bought, along with other media assets, in 2006 for $515 million, and which three years later was decimated by the recession and loss of advertising. “We couldn't fire enough employees to make up for the advertising that disappeared,” he said. “We would have had no reporters.” For the story, go to https://www.inquirer.com/business/toll‐brothers‐bruce‐toll‐inquirer‐industry‐icons‐20191208.html. It's fascinating reading.
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