[lazide]

Another point - there is a difference between being 'old' (a 40 year old veteran solder is 'old', for instance, even if they're still in extremely good physical condition), and being 'old' as in 95 years old and can barely get out of bed.

From a PE/market perspective, the sweet spot seems to be the 95 year old with a good reputation that still carries weight.

I imagine it's because of the good spread between current price and expected returns, as the 'old' brands this is done with aren't usually very profitable, if at all.