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Friday, December 29, 2023 10:53:57 PM
FnF is NOT folding into Berkshire Hathaway just like how Michael Jackson isn't going to moonwalk out of his grave.
But even if you really do believe so, buffet is not a friend for legacy commons. He always needs to walk into an investment and come out with very favorable terms. You can bet that he will be taking the lions share of the equity which is not good news for legacy commons.
Expect dilution worse than senior cram down from the GOVT.
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