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eddy2

03/14/14 11:03 AM

#7198 RE: MargaretCPI #7195

That is the million dollar question that I won't make that bet but has left the company in a position as to if they can unlock the hidden wealth in tax benefits locked up in the capital surplus and retained earnings obtained by phantom dollars form depreciation as well as amortization of administration dollars spent on UIC,WCB as well as after tax dollars spent on retirement programs federal or other wise this is not even taken in after tax shareholders money used to fund and short the stock due too the crazy number of outstanding shares were there was no alternative but to build up a reserve of phantom tax dollars as collateral to borrow more money to keep things afloat until a profit can be turned.



For me best to play my hand at this table then wait to join another table some twenty years down the road depending on the business model but I have heard many a story were one generation has done very well leaving another to the spoils and a picture of uncle Jed above the fire place in gratitude for handing down such riches that Uncle Jed never saw.


But hey Uncle Jed was remembered for his good business sense above the fireplace granted homes are not built today with as many fireplaces as they did some years ago global warming thing I would imagine.