If you were going to acquire Callaway, the best time to do it is when the executive suite is vacant. |
It is beneficial for them to do this. There is no question that they are working hard and having some success. |
Six months later, when it becomes the generic company Wild West show, the price tends to drop to about 20 percent of the [branded] price. |
The branded industry is losing drugs from patent and the generic industry is circling like buzzards to pick them up. It's wonderful for the generic pharmaceutical industry. There's more food on the plate. |
The game is difficult, expensive and requires an extensive time commitment. Facilities are hostile to the newcomer and other participants are hostile to the newcomer. If you're bombarded by hostility in your first year of playing the game, you'll go bowling. |