Aswath Damodaran: Do Not Invest In Companies That Try To Achieve Growth Through AcquisitionThe Acquirer's Multiple
Here’s a great article by Aswath Damodaran in which he warns investors who are considering investing in companies that use acquisitions as part of their growth strategy, saying:
“If you look at the collective evidence across acquisitions, this is the most value destructive action a company can take.”
Here’s an excerpt from the article:
Aswath Damodaran has a blunt . . .
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