Sussitout, I have to disagree.19 Jan 2010 09:07
If you take the long term approach which Pension funds should do. then it s a Sh** deal. A very successful company making decent regular profits year on year and paying nice dividends into your pension pot on a nice regular basis. Plus a workforec throughout the uk which bizarrely enough might actually have money of their own which they would like to stick in a pension!
Instead for a short term gain unless they bought cadbury's at £1 they will get a hugely indebted company who will strip out assets to meet costs/debt repayment, an inferior product which will no doubt lose market share and be worth a lot less in years to come. Plus there will be a reduced workforce propbably not buying into a pension.
When will fat bankers and business men realise that short termism only works if you time getting out at the peak which 90% of people don't. You would have thought that the last 2 years might have taught the supposed financial whizz kids something, however it appears its business as usual.
The old addage of "if it aint broke don't fix it" has never been more apt in this case.
Bye Bye cadburys you will be missed.