Fort Wayne, IN
|reply to ISurfTooMuch |
Re: When did Karl first explain this?
said by ISurfTooMuch:If a job pays $50k per year, someone who makes $100k annually isn't going to look at that job as an attractive employment opportunity. However someone who has been flipping hamburgers may look at it as a great opportunity. It's all in the matter of perspective.
For example, why didn't Verizon rehabilitate these aging copper networks? They've obviously done their own research and decided that the investment isn't worth it. Then why are they telling you about all the benefits of buying these areas from them? If they can't turn these areas around, then why should your client think they can?
True, but, in this case, it takes cash--and lots of it--to upgrade the network. If FairPoint was as close to the edge as they now claim, why did they think they could do it? $2.7 billion is a lot to lose because you don't have the resources to run what you just bought.
If I overextend myself so much when I buy a business that I don't have the cash to fix the leaky roof or repair the cash register, then I'm a fool for doing it.