Posted by wisbaker on January 05, 2016 at 08:45:55 from (173.26.84.185):
In Reply to: Fleet Farm Sold posted by wi_buff_farmer on January 05, 2016 at 05:31:30:
I think it's all a indication of what business is like in the US. Being good at what you do and making a reasonable profit isn't good enough anymore it's all about growth. Issue stock and it's all abuot growth not dividends (profits).I remember hearing about the Coleman company the camping equipment folks, the ended up becoming part of Sunbeam (appliances). Coleman was profitable but it had no prospect of growth as they had pretty good market share in the markets they were in. The only way they could grow the company was to grow the market, diversify or merge into a company that was growing. Funny part was the guy running Sunbeam was playing fast and loose with the rules and stockholders of Coleman ended up trading their Coleman shares for Sunbeam shares that were virtually worthless in about a year
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