Craig, she's a gorgeous lady.
Trimph, yeah, I see this a lot.
It frustrates me how companies seek to grow BIGGER so that they can "save money". Huh? Explain to me how becoming a behemoth (or an even bigger behemoth) makes you
more efficient. I feel like gagging when I hear of two companies who both lose money thinking that after the merger they will make anything other than ONE BIG COMPANY that LOSES MONEY.
An investing relative of mine once offered up a kernel of genius that I will never forget:
"If somebody comes to you and asks you to buy his company, you should be suspicious about why he wants to sell it since it's supposedly such a great deal for him."
And my own observations about mergers can pretty much be summed up like this:
IBM got slower and sloth like when they got big.
Microsoft got slower and slovenly when they got big.
Hewlett Packard fell off the map when they went on a
buying spree that included Compaq in 2001.
General Motors bought way too many divisions.
Chrysler and Daimler? Puh-lease!
But the fun one to watch was AOL and Time-Warner. They both deserved to go under for pulling that boner.
Mergers may just be the corporate version of mental illness.
But this one will be funny: Flo, the Progressive Insurance Girl will eventually buy the Geico Gecko and the AFLAC Duck in an all-stock deal right before moving in with the Allstate Mayhem Guy.