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It probably is cheap, but one would have to sustain the network until the pandemic eases. Greyhound seems like the kind of iconic US company that would pique t
by ISL 5y ago
It probably is cheap, but one would have to sustain the network until the pandemic eases.
Greyhound seems like the kind of iconic US company that would pique the interest of Berkshire Hathaway -- it is telling that BH didn't pick it up.
- brummm 5y agoHasn't been American in a while, though. It's been British owned for at least a decade before this recent purchase.
- LurkingPenguin 5y agoGreyhound absolutely fails most of Berkshire's criteria, and the size of the deal ($78 million) is well under the deal size Berkshire is looking for. As for being "iconic", I'm not sure "iconic" is the word I'd use to describe Greyhound. It has a reputation for sure, but not a good one.
- quesera 5y agoFWIW, my instantaneous reaction on seeing the title of this post was "wait, isn't Greyhound a special entity designated by US govt, like Amtrak or the USPS?". I knew it couldn't be correct after half a second of reflection, but it's a measure of how "iconic" Greyhound is. Also, they have big real estate (often in beautiful old buildings) in the center of the big cities, and their branding is red white & blue. It seems likely that they don't own the real estate, and maybe the cities own the bus stations which only appear to be operated by Greyhound. I have only been inside about half a dozen bus stations though.