As Lawrence «Larry the Liquidator» Garfield, a corporate raider, said in the play Other People's Money about a firm going under that was run well but outmoded, «I'm sure the last
buggy whip company made a damn good buggy whip.»
To me, it seemed to be the ultimate value trap — a modern
buggy whip company.
Not exact matches
Maybe they feel like the railroad
companies when the Interstate Highway System was announced, or like
buggy -
whip makers watching the first car drive down the road.
With climate change upon us, there are
companies to invest in for the long - term that will profit from this unyielding global condition along with those to avoid that make «a damn good
buggy whip» in a doomed sector.
3) My industry studies produce a list of out of favor
companies with better prospects than most — the challenge is to separate out the «
buggy whip» industries, from those that are genuinely cheap.
We're not exactly talking about
buggy -
whip companies heading over a cliff, or new - tech / media enterprises accelerating into the stratosphere...
Market observers refer to
companies involved in mature or dying industries as «
buggy whip»
companies.
This
company is a text book example of everything that is wrong with an unreguated insurance agency and the CEO should be
buggy whipped!