Chapter 10. Mergers and Returns: The Acquisitive Company
The Hare and the Tortoise Revisited
Peter was an impatient man. His portfolio was full of solid stocks that grew slowly but steadily every year and delivered decent returns, but Peter was not satisfied. As he scanned the journal for news about the stocks he owned, he noticed that the companies that made the news every day were the ones that grew through acquisitions. Led by CEOs who were larger than life, these companies grew at exponential rates by gobbling up their competition and embarking into new and different businesses. Reading about these acquisitions, Peter was struck by how much analysts liked these companies and their dynamic strategies. Tired of the staid management of the companies ...
With Safari, you learn the way you learn best. Get unlimited access to videos, live online training,
learning paths, books, interactive tutorials, and more.