View Single Post
  #85  
Old 04-13-2022, 06:28 PM
strohs's Avatar
strohs strohs is offline
Curmudgeon
 

Join Date: Aug 2007
Location: St. Catharines
Posts: 5,027
Thanks: 143
Thanked 2,471 Times in 1,411 Posts
strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!strohs is absolutely magnificent!
Default

Quote:
Originally Posted by Dogs Enthusiast 104 View Post
The other side of the story.

https://www.stcatharinesstandard.ca/...he-editor.html



Interesting that the Controller says they are not profitable. She would know.

Maybe after wages are paid to Mommy, Daddy, Billy and wife, Joey and wife, they are not profitable . . . maybe break/even, are they profitable prior to paying family wages ? I am guessing they are.

However when they were at the Jack I am guessing they were losing money. And no doubt I am sure COVID crushed them badly.

Sale prices are usually based upon multiples of earnings . . . If they were to sell I am sure they would make out ok especially on an after tax basis if structured as efficiently as possible for tax considerations.

Ask an accountant what 1 + 1 equals and the accountant will say . . . Well what do you want it to equal? (I would know as I am one lol)


Sent from my iPhone using Tapatalk
Reply With Quote
The Following 3 Users Say Thank You to strohs For This Useful Post: