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>King was trading for a while at multiples known for steel mills shortly before their bankruptcy King was acquired by Activision for 6B. Do you mean before Kin
by nemothekid 10y ago
>King was trading for a while at multiples known for steel mills shortly before their bankruptcy
King was acquired by Activision for 6B. Do you mean before King went bankrupt in 2003? Is that relevant?
- shaqbert 10y agoNo, King was trading at super low multiples. Like steel mills that are about to go bust. My point is that King is a MUCH better business that a steal mill about to go bust, so financial markets were dead wrong.