Kraft is the big monster. That's the kind of deal that comes along only once in a while.
More Quotes from Ben Holmes:
While every other bank on the street was setting record numbers in their investment banking fees, their MA (merger and acquisition) activity and their brokerage activity, these guys were losing money.Ben Holmes
It's important to note both of those companies are in consumer products -- burritos and sandals. It's not technology -- not routers, or network hardware, or a cellular company that no one had access to early on.
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Personally, I think this stinks, ... No one had chance to review this. They owe it to investors on the IPO to have an opportunity to review these details so that they can go forward with the investment.
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Two deals don't make a trend. We have to step back and wait a couple of days.
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Kraft is unbelievable. There isn't a single company that has managed to assemble a portfolio of brand names like Kraft.
Ben Holmes
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