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Torex and Warren Buffett

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torex logoFurther to my post Torex acquired by Micros, George O'Connor at Panmore Gordon (rightly) bemoans the loss of Torex as an IPO candidate. The Warren Buffett quote made me chuckle.

"Fortunately with the great Mandy Gradden in CFO role, Torex would have been a tease for UK investors. We are reminded of Warren Buffett telling us that when a manager with a reputation for brilliance gets involved with a business with a reputation for poor economics, is it the business whose reputation remains intact."


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