Saturday, December 05, 2009 9:30:02 AM
Have you actually read the 10-Q where it says that the truck stop at Carl's Corner has lost over $1m year to date? I think last year's loss was approximately $700k. I admit that this a an extremely rudimentary analysis, but it appears as though the losses are accelerating. Keep in mind that this $1.8m loss is only 50% of the true operating performance of that asset.
Barring the availability of better market data, this is the best indicator of what is in store here.
I am not saying that these stations can't be profitable, but conventional wisdom dictates that it'll take some time. Where is the money going to come from to fund not only the build-out of the stations but also to fund initial operating losses?
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