Strattner Financial Group (SCNG)

[cynic2005]

When will you ever read the press releases for what they say rather than what you want them to say?

Revenues are not cash to walk away with. The number quoted was before interest and taxes. I grant you depreciation since it is non-cash.

You start with $43k a month. The loan for Willie's place is over $6 million and I believe the interest rate is above 6%. I could look it up but I am too lazy. That's $360,000 in interest a year or $30,000 a month, and that is at the low end of the estimate.

That leaves you with about $13 grand before taxes times 48% ownership. So a whopping $6k a month or $72k a year. That doesn't even pay for the EVFN secretary.