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Energy Transfer Partners, L.P. Message Board

  • idccnokia2006 idccnokia2006 Apr 29, 2014 9:53 AM Flag

    only bankruptcy or a CEO on trial are worse than overpaying for an acquisition.

    if you look though history, wall street is littered with companies that were stymied and pummeled, when they overpaid. Often, it takes years for that heartburn to go away, if it ever does. Many times they have to sell the new asset, take a loss, and let time heal the bad decision.
    By the way, anyone from susser who thinks they got a bad deal is an idiot.

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    • nairbnik Apr 29, 2014 5:50 PM Flag

      ? If this was so bad then why no major sell off ? thanks.

    • The beauty of Susser is that it provides a mechanism for ETP to get rid of the Sunoco retail business. That one will free up some $3B+ and focus ETP on things it knows how to do. Susser has quality assets and a family that wanted both to cash out and see their legacy continue. As for ETP the wholesale business of Susser could end up being very interesting and profitable. ETP knows this one and that is where their $70M worth of synergies comes from.

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