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That's a snapshot from 1937 - not necessarily indicative of the previous 60 years.
Plus.....those of us in the business world who have been involved in buyouts know full well that the new owner is always crestfallen to find out that the company they just bought is not making the money they thought it was when they bought it. Of course, the definition of 'making money' is keenly dependent on one's perspective.
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