While there are definitely risks associated with buying a large portion or all of the company, the ability to buy one with very few competitors, that can generate a lot of cash and at a reasonable price, could very well get Buffett to pull the trigger.
Since Boeing has a market cap of about $185 billion and Buffett will need to pay more than the current price, say between $210 and $230 billion, this would be 6.5 to 7 times larger than Berkshire’s largest acquisition, Precision Castparts. It would also be three times larger than Berkshire’s largest equity holding of $74 billion in Apple
虽然收购公司的大部分或全部股份肯定存在风险,但如果能在竞争对手很少的情况下,以合理的价格收购一家能够产生大量现金的公司,很可能会让巴菲特动心。由于波音市值约为1,850亿美元,而巴菲特将需要支付比当前价格更高的价格,比如2,100 - 2,300亿美元,这将是伯克希尔哈撒韦最大一笔收购Precision Castparts的6.5 - 7倍。这笔交易的规模也将是伯克希尔哈撒韦公司所持苹果股票的三倍,后者是伯克希尔哈撒韦公司所持苹果股票中规模最大的,价值740亿美元