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Omnicom Group Inc. Message Board

  • el_capitan_of_the_club el_capitan_of_the_club Aug 13, 2002 3:04 PM Flag

    Does anybody ever wonder about .....

    OK....we got the picture. These guys grow by acquiring other companies. OMC has got several billion in M&A, Pulicis has got another $3B, WPP has $2-3B, etc.

    Do you see the pattern developing. In this business, it is the small potato that makes money. Not these idiotly gross companies that use their acquisitions to pull cash out the company like a sucker.

    This industry is known for its idiotic behavior. Anyone investing hard-earned dollars ought to consider twice before putting a single dollar into this make-beleive business.

    You get it? No cash in the balance sheet.

    Remember Pricewaterhouse Coopers was trying to sell its consulting arm to HPQ a couple years ago for $17B. Remember that? IBM finally bought it for $3.5B. Again, no cash in the balance.

    MAKE-BELEIVE TIMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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