Did CF Pay Too Much for PP?

[The Interpreter]

This article is from a year ago. Now that time has passed, what say ye?

http://contrarianedge.com/2006/08/13/divid...-the-ride-down/

[Gordon Bombay]

Where is this good, seasoned management team the author speaks of?

[italianchef]

I recall reading that PP could be bought for as little as $900 million. Hence, I thought that CF was over-charged. Did they get stuck with an inflated price because of a bidding war?

[tubaman]

Do you know who else was bidding, if I may ask, chef?

[Cody]

Paramount scammed them, like omg. >_> lol, ok soo whats their plans for the future!

[italianchef]

I THINK that I read on this website that Blackstone was amongst the bidders. But I STILL think that CF paid TOO much.

[KIBeast]

I don't think that they really over-paid for Paramount Parks. They must honestly believe that their plan will work. I'm sure that they weighed the good with the bad and felt the risk is really low compared to the reward.

[Dvo]

^well of course they thought that their plan would work. Otherwise they wouldn't have done it.

Executive A: "So what is our plan for the future?"

Executive B: "Buy Paramount Parks!" (He snickers and giggles to himself)

Executive A: "Interesting... will it work?"

Executive B: "No, I was totally kidding. But let's do it anyway just for fun."

Executive A: "ok!"

[KIBeast]

OK, maybe I over-simplified. I'm sure that they looked into every detail of obtaining the parks and felt that there was more chance of success than failure. There's a lot of other things they considered.

Executive A: Let's buy Paramount Parks!

Executive B: No way, we could buy the whole SF chain for that!