I have been following this thread for a very very long time... Just go back to this post and read forward to get the complete picture!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25288515
Message from Ron Touchard
Warren Buffet didn’t achieve his success and notoriety overnight, and Berkshire Hathaway didn’t become a giant conglomerate by building a single company. Buffet today serves as the CEO of Berkshire Hathaway. Inc, an international holdings company that currently owns GEICO, See’s Candies, Executive Jet, Dairy Queen, The Pampered Chef, Benjamin Moore Paints, and a number of other well-known and profitable businesses.
Liberty Diversified Holdings, Inc. is following the Berkshire Hathaway model to build a thriving and successful parent corporation that owns and controls numerous successful firms across varied markets segments. We won’t get there overnight, but our vision is grand, our goals are clear, our plan is in place, and we are moving very quickly toward our desired outcomes.
Holding Companies like Liberty Diversified Holdings provides many advantages to the investor/shareholder, including:
- The holding company has limited liability because it is shielded to a certain extent from problems in the subsidiaries.
- Limited liability shields problems within a given subsidiary from interfering with the operations and/or profits of other subsidiaries in the same holding company.
- Holding companies have a better chance of obtaining financing from lending institutions at the holding company level, which the holding company can then downstream as debt or equity into its subsidiaries. This can prevent creditors from grabbing assets if later difficulties arise regarding loan repayments.
- There are a number of tax benefits. For example, the holding company could be legally located in Bermuda with its favorable tax regime but have all its assets elsewhere.
- A holding company like Liberty Diversified Holding Inc., on a consolidated basis, is the best way of looking at the entire company as one economic unit.
- Consolidated financial statements include all the assets of the subsidiaries, netting out cross-holdings, so it's the best way of trying to make a one-to-one correspondence between the financial statements and the economic reality.
Investors can expect Liberty Diversified Holdings Inc. to build upon and add to its current holdings, to continue to increase the sales revenues of our and CelluBike sales and operating centers, to move forward quickly and aggressively with our Better Bodies Wellness Centers concept, and to continually expand our current businesses into new areas. We intend to grow the businesses we already have, to bring additional acquisitions and assets into the public company, and to aggressively pursue additional subsidiaries to bring into the fold.
We invite you to join our growing family of stockholders, partners and customers.
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