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Old 02-22-2017, 05:54 PM
  #9  
adebord
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Joined APC: Jul 2016
Posts: 67
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Originally Posted by sailingfun View Post
The last thing you want is this to happen. These guys buy companies to suck the cash out of them and then demand employee concessions because the business has to much debt. Read about Icon and Lorenzo.
That's not how Berkshire works.

Ichan was an LBO flipper. Buffett buys and holds forever. He buys companies that he think can produce a small stable check forever. It would be great for an airline as opposed to current management which focuses on the next quarterly report.
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