C&T’s actual business, which generated 652 billion won operating profit last year and has an enterprise value of $12.9 billion
Whenever I read a line like this I think about how coffee sells for 5 dollars but is actually worth 75 cents. I think about that 4.25. People say its a product, marketing. It can be those things, and also disrespect. Youre taking my money. It works pretty well in a lot of ways, but this company is worth 12.9 billion. How much of that is made up of 4.25's. Do you know what I mean? If you want to get an idea of how much "froth" there is in the stock market, start thinking about your coffee, and remember that disrespect is not easily forgotten. Let's hope CT, or any company, does more value creation than theft.
http://www.bloomberg.com/news/articles/2015-05-27/samsung-heirs-get-25-billion-in-sales-for-free
No comments:
Post a Comment