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Precision Cast Parts bought by Warren Buffet

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Plastic
Joined
Aug 10, 2015
Hey guys, the company I work for precision cast part (one of only two companies in Oregon on the S&P, Nike being the other) has just announced that they sold out for around 34 billion to warren buffets enterprise. What are you thoughts? The company has always been independent and stood its ground to do so, especially to the union. And then they sell to the first the biggest offer Buffet has ever made. What are your guys thoughts on this? Do you think anything is going to change at work? There is already GOSSIP about loosing our quarterly bonus.
 
As I understand it, Buffet buys companies that are already successfull, and then watches them continue to be so. Very little intervention.
 
That was my thought too, in an interview of Buffet he mentioned something about buying companies that had CEO's with the same business sense as himself, and let them continue to do what they do.
 








 
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