Mario Gabelli: How To Buy A Business Like Warren Buffett
And so it became the concept that if it’s publicly trading what if you could own the entire company by taking it private from an exchange.
Consolidation of an industry, changes in the Federal Regulations, changes in tax structure, and that will allow the stock selling it in the public markets at let’s say $20 but it’s worth 40, that will discount and that element would be a catalyst.
It is very hard to do that today with companies like Apple or those other stocks but you can do that with a lot of companies to figure out what is it worth if I can convince the owners to sell the company and a new set of buyers to own it and have the moral obligations of handling all of the dynamics.