Parsad Posted June 12, 2012 Share Posted June 12, 2012 Forbes article on the recently announced $9.6B Netjets fleet purchase. Cheers! http://www.forbes.com/sites/chrisbarth/2012/06/12/warren-buffett-clairvoyant-or-crazy/?partner=yahootix Link to comment Share on other sites More sharing options...
gfp Posted June 12, 2012 Share Posted June 12, 2012 These articles are funny. Makes no mention that less than 30% of the headline number of planes are actual firm orders as opposed to options to acquire planes. All these articles cite a meaningless "retail" value of 425 planes when NetJets is only committing to 125, and at a huge discount to "msrp." Last I checked the railroad didn't cost $44 Billion either, but it's certainly worth at least that today! Link to comment Share on other sites More sharing options...
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