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News Focus
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twoggle

08/03/05 11:28 PM

#5524 RE: watchdog11 #5516

Watchdog,

Thanks for your post.

It is true that the financial information from those lots surveyed by Ken Shilson are some of the best lots he works with.
But my point from looking at those numbers is they are not out of line compared with what NowAuto discusses. In addition, NowAuto has the advantage of charging 29%+ interest rates that is not possible at all of the lots that Mr. Shilson reviewed. I never would have stayed invested in NWAU had their numbers been tremendously different than those benchmark numbers (above or below) or had they not moved towards implementing other processes recommended on Shilson's site and the bhph site.

T
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adam 2

08/04/05 12:18 AM

#5527 RE: watchdog11 #5516

who is ken stilson
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SAMNOTSAMUEL

08/04/05 9:11 AM

#5534 RE: watchdog11 #5516

Public costs,

For a minimum a public company would need to have the same expenses as a private company plus what it takes to meet public needs.

If this company was private and acquired Sunburst one could assume it could cost no different than the public case.

If a private company could acquire Sunburst and make a profit by doing so, then a public company could too. The additional cost per year for public maybe $50K as it means more paperwork for the new location.

It all comes back to revenue. If there is $30 million revenue, then public costs can be absorbed.

sam