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Re: Ace Magoo post# 101495

Thursday, 11/22/2007 2:21:58 AM

Thursday, November 22, 2007 2:21:58 AM

Post# of 250260
The first part of your statement is correct. He gave 500k and got 2.7mil, net 2.2mil for a company with 5 20k sqft retail stores(profitable or not). He owned them. If you owned them and sold them to another company, even another company you also owned, what would you sell them for? 100K? Five retail stores fully staffed and stocked with a customer base even if not profitable would be worth? The Hackett's folks sold their 175 year old family business, should they not be able to have there money? Why would Tom or You or I be any different. I know I would want my money even if I knew I might need to put it back into my company to help it grow later. I is mine. I earned it before you bought my stores. For months folks here talk about how smart and honest Tom is. If he never took profit(and we all trade pennies, LOL), we would call him honestly stupid!

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