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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Kerry Phineas who wrote (53651)3/29/1999 11:21:00 AM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Kerry, your reasoning sounds similar to the conglamorate boom of the 60's . Synergy 2+2 =5 LTV Ling Temco Vought- they bought low PE businesses and created value because the market was willing to pay a high multiple for LTV's growth. It's a good theory many fell for it and history is repeating -g- . Yes some companies will manage to buy businesses that are profitable but in the aggregate asset shuffling does not add to the national wealth. Mike