2009-06-23

It's Sell High And Buy Low. Not The Other Way Around

Let me see if I get this straight. According to my math, Molsons Brewery sold the Montreal Canadiens to American investor George Gillette (after NO Canadian company or investor stepped up to the plate) for $275 million. The concept of looking beyond ones finger tips and buying into an established brand never was a strong suit of the Canadian business establishment. They'd rather watch an American show them how it's done.

I digress somewhat.

Now, it's come to be known, the Molsons family (well, specifically a trio of brothers anyway) have decided to buy back the team for $500 million. That's $225 higher than what they sold it for. Sure, this may be a profitable investment nonetheless, but it's lame to me.

Talk about selling low and buying high!

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