Wall Street's Biggest Con: M&A 'Advice' - WSJ.com
Interesting take. The data surely show that M&A typically does not succeed, and I believe the author is right in that many to most deals are done to pad earnings and mask slow growth … although, the intention is more like “to increase earnings and accelerate growth”, which most acquirers believe at the outset.
I’m looking for companies that have a demonstrably good track record with an M&A driven model. I think $JCOM is a potential from word of mouth, and I’m planning to take a look at its model.
Nothing beats a solid R&D engine and true growth markets though … witness Apple.
