Anthony and I are in the business of bidding $100 for companies/divisions that we think we can turn around. But, despite our convictions, we are well aware of the skepticism out there.
“But, Ben, isn’t $100 far too cheap?”
The $1 for which OpenGate bought TV Guide “is probably the kind of deal that would be obtainable for Business Week”, Mr Phillips said. Another banker said: “I think they’ll end up giving it away.”
Nope, definitely not too cheap anymore. After all, Dogbert has shown an uncanny ability to land deals worth far less than $100!
Sorry, BusinessWeek, are you feeling that sinking feeling?