Originally Posted by
HSLD
NetJet's Parent Company, Berkshire Hathaway has pretty deep pockets although an acquisition has to add value to the franchise. I've held Berkshire stock for over 20 years and have never seen them over pay for an acquisition.
Uncle Warren once said in an interview that the toughest part of his job was trying to find companies to buy with the BILLIONS and BILLIONS of cash Berkshire has. He said the companies available for purchase are usually over valued or poorly run and he won't touch any company that smells of either.