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Thursday, October 30, 2014 7:19:53 PM
Let's assume they barely make money from each deal (like only $5,000 or $10,000) in profit. Multiply that by 1000+ deals and you get $5,000,000 - $10,000,000 in profit.
Looks like they are taking the Wal-Mart approach rather than the Rolls-Royce approach. Sell alot of real estate at quick small profits rather than selling a few at high profit.
Sounds like a good idea to me because it limits the downside. I have seen firms disappear because of one really big BAD DEAL. This cannot happen if they stay with smaller deals and can potentially makes lots of profit.
From what I see, they started with a small deal and keep growing their sales. I would rather see steady growth than crazy ups and downs.
If they make even 500k in profit in first year, think about what the actual value per share is....yup at least 10 times the price today in BOOK VALUE forget about upside.
I LIKE THIS ONE AND THE NEW CEO SEEMS TO BE A RAINMAKER !!!
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