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Re: Investman432 post# 151410

Saturday, 06/26/2010 12:31:52 PM

Saturday, June 26, 2010 12:31:52 PM

Post# of 375420
That's very interesting.

Even in the world of real stocks. I'm suspicious of earnings multiples influenced by M&A and LBOs. A lot of the biggest and most famous now reside in the dustbin of history at best, former CEOs reside at the taxpayer's expense in the worst examples. This is one of the reasons that I view Mr. Bradley's bsusiness plan in a very skeptical light.

The hodge-podge of FBO and aviation activities plus aerial services that Dean is assembling are low-growth competitive asset-intensive operations.



Now that is indeed an undisputable fact. Margins are razor thin, and government oversight and regulation is onerous.

But where do you get investors willing to pay 14 to 16X earnings. I'm hard pressed to think of publicly traded companies in this arena.