We are in the business of acquisitions.
Pros: stable company
Cons: make the company your life.
Just spent 3 weeks with Mr. Tire, a division of Monro Muffler. The business I worked at for almost 12 years was bought out by them. In the purchase contract, all of the employees were guaranteed their pay and benefits. Well, the closest I could come up with was about a 10-15 hour longer work week, $18,000 less per year. Working every holiday known to man and soon to be open 7 days a week. They say it's for their customer's but it's for the shareholders. Their philosophy is to try to hit a home run on every customer and eventually someone will say yes. Not family oriented, long hours, no trust of their employees, no communication from upper management. They are not in the business of repairing customers cars or customer service, they are in the business of acquisitions. THAT is what is driving their stock price. Upper management are all payed in stock. Grind the lower and middle management to death so they have their golden parachute.