The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some.
John C. MaloneSynergy is the driver. There are two levels of synergy: there are operating synergies, which, you know, you'd have to be stupid not to try to take advantage of, and then there are strategic synergies. In other words, in what positions you would be more sustainable, more long term, and so on.
John C. MaloneThe fact that equities are being sold down, despite the lowest interest rates in recent history, simply means that the market doesn't see growth ahead for -very many businesses.
John C. MaloneYou just have to be opportunistic, and try to figure out what creates value.. where the bottom is, what creates incremental value, and in what combinations.
John C. Malone