Take the following as truth: Although bidders tend to portray themselves as rescuing ailing companies--UPR said it was reacting to a decade of broken promises and poor performance at Pennzoil--in fact they almost uniformly bid for profitable, healthy companies that the market, for one reason or another, is undervaluing.
Then the following statement: "Pennzoil did not have a solid performance." is true, false, or inconclusive?
Answer: True