RE:RE:RE:RE:RE:RE:RE:RE:Two ThingsMalibu333 wrote: But these are very crooked deals that do not create trust. If ADCO makes 80 million sales but is unable to pay the bills, then the purchase was an economic catastrophe. We will find out on September 22nd.
Excellent post Malibu333. You are the first person to post about that. HLND had $80 million revenues and they can't pay their bills? HLND also had $2,286,000 debt outstanding on the HLND line of credit. We know distributor profit margins are razor thin but HLND profit numbers are a closely guarded secret and we can guess why. HLND was TAAT's largest customer and TAAT's A/R account was equal to 9 months revenues.
The purchase appears to be too low for a profitable company doing $80 million in revenues but a closer look at the numbers pretty much tells us why the purchase price appears low.
I thought months ago that the purchase price was low.
I also thought that the HLND purchase was a big mistake.
The Q3 numbers due for release at the end of this month are going to be ugly and prove that HLND was a mistake In My Opinion.
Time will tell.