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Originally Posted by mreid
This is why most people don't do well in the market. They don't understand how to research and understand acquisition strategies.
This is why Webb does well in the market. He researches and understands stock valuations.
In the mid-80's, GE bought RCA. It was one of the largest acquisitions ever (at the time). Lots of speculation on GE "stupidity" as there was "no way" it was worth what they paid. Many speculated that they only wanted NBC back (interestingly, this is the only real asset they still own). Shrew packaging of RCA and GE businesses, some government donation for huge tax breaks, and some fortunate timing and the wise investor realized GE made a fortune and in effect got NBC for free.
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Umm not sure how to tell you this but Comcast owns nbc.
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