Thanks for the art. I’ll express that situation in words .
. if my company had sales of 80 mill and costs of 90 mill I have ….a disaster. Warren Buffett however could take over my company and with skill and honesty and minimum “take out” reduce costs to 70 mill….a success . So my pre Buffett company has value indeed . Not much but Still value in the right hands .
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-149
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