Reply to post: Re: Pity I'm too young to retire...

Elon Musk’s brother buys Intel’s fireworks-replacing drone biz

Anonymous Coward
Anonymous Coward

Re: Pity I'm too young to retire...

I think there might be a caveat with "existing at the moment".

Which in typical business fashion likely glosses over some inconvenient facts; i'd suspect that if you looked you'd find a situation along the lines of:-

A) The batteries on all the drones need replacing in the next 2 years, but the drones built in such a way that means that it's nigh on impossible without replacing the entire drone, or;

B) A competitor has a better version in the pipeline that their business doesn't have any response to.

Solution: sell the company to somebody willing to pay more than the management thinks it's worth who doesn't bother doing any due diligence checking before the company value collapses.

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