PI 400 -- M&A Activity - Acquisitions Yield To Slow Economy

This perception is a fallacious argument, or an argumentum ad hominem to those of you who passed Logic 101. The fallacious argument goes like this: Master Graphics and Printing Arts America were printing company roll-ups. Master Graphics and Printing Arts America lost money and went bankrupt, therefore all printing company roll-ups will be losers and go bankrupt.