Quote:
Originally Posted by Top banana
Look at how virgin have been broke and not able to invest in their network properly, look at how they have worded quarterly statements differently between quarters to hide worse figures, look at how the landscape is changing and where virgins weaknesses are.
When were Virgin broke?? Anyone else remember this? Last I heard someone wants to pay 15 billion for them, that's a lot for a business that's broke.
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Ask RBS how their leveraged takeover of ABN AMRO went. A company paying a shedload of borrowed money for another company does make it a financially sound deal by default.