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Shareholder Cap'n Bucky here is looking around for the assets Tom bought for $18-24M. He's thinking the assets may be at the bottom of Sackets Harbor. Of course, I think Ole Bucky looks awfully confused out there. I hope he finds 'em. I think he's gonna have to get a diving suit on before too long.
Don't you guys just love hearing stories about pirates and treasures beyond your wildest dreams. We got that here in SWVCland
Consider him a candidate for a Darwin Award.
There seems to be several extra zeros in the public record. Don't know why. Here is a document that puts the figure at $250,000 -
http://www.wisebuysstores.com/news/Syracuse_Post_10-08-03.pdf
He needs a hit or two to bring up that batting avg.
Is that Sackets Harbor ACTIVE website?
Is that your beer review, or are you failing to attribute those comments to the author?
One too many 1812s might do that to a guy. LOL!
Hey, give it time. It'll be the Hamptons before you know it.
1812 at Florida International University
http://media.www.beaconnewspaper.com/media/storage/paper540/news/2008/03/03/News/Business.Of.Beer.Taught.At.Lecture.Series-3247791.shtml
IMO, Love AND REALLY GOOD BEER is wasted on the young.
A loooong weekend indeed.
1812 summer interns wanted...no pay. Not even free beer? What a cheap outfit.
What if? Two very big words, psycho.
You misunderstand. I'm in agreement with you. She has been above reproach. It's a general admonition to all politicians who also have investments in the sphere of their influence.
ad·mo·ni·tion
Function: noun
Etymology: Middle English amonicioun, from Anglo-French amonicion, from Latin admonition-, admonitio, from admonēre
Date: 14th century
1 : gentle or friendly reproof
2 : counsel or warning against fault or oversight
A general admonition...she has a delicate job in the days ahead, especially if the dreams of regional development (if they exist at all) move off the drawing board to the real world.
Dede needs to be careful what influence she is exerting.
Sackets Harbor...Riviera of the St. Lawrence!!
Battlefield Driving Range...the next Torrey Pines!!!
AP...I can only get to that web page through your link. I've been to the ABC site but I have been unable to find an internal link that can take me to the page you posted. How did you do that?
That website is currently being developed, right?
So how did you come across that info?
I'll ask again...who leaked that info to you? I have googled Sackets Harbor Brewery and have gone through the first 200 links and haven't seen that website yet. How long did you search for this info?
Who leaked that to you?
Is that the news?
Flippers pretending to be longs. Nothing new under the sun.
So what advantage is there to faster chart settings when this is a "long term play"?
The author's hometown is Watertown, but she now lives in VT.
It certainly can be a profitable venture. I think similar places (it seems all of northern Wisconsin, for example) learn to be very profitable with as little as 3 or 4 months peak season, but until the base population increases, profits if any will be limited.
Looks like some are making folding money today. Who da thunk it.
What if the summer crowd swells to 5x the permanent population - which is not unreasonable to assume - it will not generate the hoped-for gains that some are envisioning. Yes, it's good to see the chain expanding, but this is not going to be a huge profit center.
I have likely been here longer and hold more shares than you do.
Oooooh! Can't wait for the Golden Cross!!!
Any "let's drive this up" orchestrated runs can only be to the benefit of flippers. Fundamentals have always brought this company's share price and market valuation down to reality, and until fundamental changes in the share structure are addressed, we will continue to see this long downward slope.
I'd like to know where the profits are going to be generated to support share buybacks when upstate New York is in a confidence funk. Tom's got a LOT of bills hanging over his head and BUSINESS 101 says people must spend money in order for you to make a profit.
It ain't going to be easy...
Consumer confidence drops across state
http://www.watertowndailytimes.com/article/20080509/NEWS01/74320369/-1/NEWS
NEW SURVEY: Results show New Yorkers in upstate regions are most concerned about economic future
By TOM WANAMAKER
TIMES ALBANY CORRESPONDENT
FRIDAY, MAY 9, 2008
ALBANY — Consumer confidence continues to slump across the Empire State and the nation as Americans are increasingly worried about soaring prices and the overall state of the economy.
In a survey released Thursday, the Siena Research Institute reports that upstate New York as a region has the least confidence in the economic future. While the national current consumer confidence index dropped a sharp 7.2 points to 77.0, upstaters registered a current consumer confidence index of 57.6.
Even bleaker is upstaters' confidence index for the future, which came in at only 47.2 for April, down from 49.6 in March and 71.0 in April 2007.
The Siena survey seeks to measure both current and future consumer confidence which, when combined, provides a snapshot of consumers' overall confidence. The survey's intent is to evaluate the willingness of people to spend money, rather than their ability to do so.
The index itself represents a tool for comparing consumer confidence at different points in time. Its base year, for which it is set at 100, is 1966.
"The fact that the national index fell more sharply this month than New York's is little solace to those that brave everyday auto and grocery sticker shock," said Douglas Lonnstrom, professor of statistics and finance at Siena College and founding director of the institute. "Even higher-income households and Republicans, who despite more income and a traditional greater willingness to spend, are now firmly closing their wallets."
Since January 1999, Siena has published monthly surveys to establish a consumer confidence index number for New York state. This number enables direct comparisons of New Yorkers with the nation as a whole, which is measured by the University of Michigan's consumer sentiment index.
Siena's consumer confidence survey for April was conducted by random phone calls to 623 New York State residents over the age of 18. Because consumer confidence is expressed as an index number developed after statistical calculations to a series of questions, there is no margin of error. Buying plans, which are shown as a percentage based on answers to a specific question, have a margin of error of plus-or-minus 3.9 points.
"Someone wanted shares."...yeah, fancy that.
What's the volume?
Can someone tell this small business owner how to qualify for a $225M loan? How big a venture was Wisebuys, anyway?
Also, if you look at the SBDC website, you cannot find the 2004 Excellence Award that is touted on Tom's NYPA info page (It might be there, but a search came up with nothing). He also doesn't make the SBDC "Hall of Fame" page, although Alteri Bakery does. I guess the Boy Wonder/Wall Street Whiz Kid isn't what he appears to be.
Has Tom EVER had a profitable company?
It's for the new Jreck bun bakery! LOL!
Exactly...Board talk is cheap. The Public Square is where some of us are concentrating our efforts to force Tom to address these issues. Hoping our efforts pay off.
The Sacred Cow is beyond reproach in upstate NY...or so it seems.