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Enterprising Investor

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Re: 56Chevy post# 29

Wednesday, 11/12/2014 5:12:28 PM

Wednesday, November 12, 2014 5:12:28 PM

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Expansion into San Jose is a wonderful thing long term.

However, starting a branch from scratch will have start-up costs that could impact the bottom line for PPFC is in the short run. It will take some time for the branch to reach the critical mass to become a profit center on a stand-alone basis.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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