Follow up response from Steve Borock

[Norrin_Radd]

Well since no one else responded to your post, I will.....

 

 

"...Now witness the firepower of this fully armed and OPERATIONAL battle station." - Emperor Palpatine

 

[shadroch]

Since you junior CPAs have concluded that CGC

is bringing in 1.5 million dollars a year,why not try breaking down their expenses and then telling us how much they are netting.

How much do you suppose they spend on;

Salary

Rent

Materials

Expenses incurred traveling to a dozen or so conventions

Insurance

Security

Taxes

Benefits

Utilities

Legal fees

Taxes

Advertising

Internet expenses(including these boards)

and a toll free hotline

 

Consider that they moved their entire operation from NJ to Florida a few years ago.

Care to throw a number on what a move like that runs?

A million and a half dollars isn't what it used to be.

[Red Hook]

Sounds to me like you're daring WoogieMan to pull up their Schedule C's!

[PovertyRow]

 

he's back

[Ze-man]

 

he's back

 

 

Not sure if I came back to the same place I left though.

Conservatively speaking of course.

Ze-

 

P.S. Out of all the books my fav by far is the WMT #23.

[ComicSupply]

Since you junior CPAs have concluded that CGC

is bringing in 1.5 million dollars a year,why not try breaking down their expenses and then telling us how much they are netting.

How much do you suppose they spend on;

Salary

Rent

Materials

Expenses incurred traveling to a dozen or so conventions

Insurance

Security

Taxes

Benefits

Utilities

Legal fees

Taxes

Advertising

Internet expenses(including these boards)

and a toll free hotline

 

Consider that they moved their entire operation from NJ to Florida a few years ago.

Care to throw a number on what a move like that runs?

A million and a half dollars isn't what it used to be.

 

Shad,

 

I would assume they make around a 30% margin. I would say they probably haven't booked a profit yet due to tax reasons. Hence the things like the move, benefits,advertising, etc etc..... When they do book a profit it will be small and probably will be written in at around 10%. More likely 30%, or $300k-$400k per year.

[Red Hook]

Steve B. told me they made a 25K profit last year. Their first profit.

[Forbush-Man]

 

he's back

 

 

Not sure if I came back to the same place I left though.

Conservatively speaking of course.

Ze-

 

P.S. Out of all the books my fav by far is the WMT #23.

 

Welcome back, Kenny!

[The Black Hand ®]

Steve B. told me they made a 25K profit last year. Their first profit.

 

Of course now you have to ask what did they pay themselves in salary and travel expeneses for all the shows. People can make a pretty decent living while they're waiting for a business to became profitable.

[NewtSamson]

Steve B. told me they made a 25K profit last year. Their first profit.

 

Of course now you have to ask what did they pay themselves in salary and travel expeneses for all the shows. People can make a pretty decent living while they're waiting for a business to became profitable.

 

Wait a second. I'm suppose to be getting paid?

In cash???

All I get every two weeks is an envelope with a coupon inside for a buy one get one free can of Spagetti-Os that expired 3 years ago.

[divad]

Since you junior CPAs have concluded that CGC

is bringing in 1.5 million dollars a year,why not try breaking down their expenses and then telling us how much they are netting.

How much do you suppose they spend on;

Salary

Rent

Materials

Expenses incurred traveling to a dozen or so conventions

Insurance

Security

Taxes

Benefits

Utilities

Legal fees

Taxes

Advertising

Internet expenses(including these boards)

and a toll free hotline

 

Consider that they moved their entire operation from NJ to Florida a few years ago.

Care to throw a number on what a move like that runs?

A million and a half dollars isn't what it used to be.

 

Bill,

 

You forgot your graemlin You know we were only speculating as to gross revenues . . . Everything below that is a Woogie-spin

 

you forgot depreciation

[ComicSupply]

Steve B. told me they made a 25K profit last year. Their first profit.

 

That might be their first declared profit. Pretty easy to bury profit and what not when your expanding and buying new stuff. Oh yeah, and starting new branches.

[shadroch]

My point being that CGC is not some great cash cow,nor do I think it ever will be.

While some of its employees most likely make a vey nice living,the owners of the company could have done better investing in t-bills back in '98.

[deathlok]

Steve B. told me they made a 25K profit last year. Their first profit.

 

Steve tells everyone that.

[greggy]

Steve B. told me they made a 25K profit last year. Their first profit.

 

Steve tells everyone that.

[deathlok]

Steve B. told me they made a 25K profit last year. Their first profit.

 

Steve tells everyone that.

He didn't tell you that? He must hate you.

[greggy]

Steve B. told me they made a 25K profit last year. Their first profit.

 

Steve tells everyone that.

He didn't tell you that? He must hate you.

[oldmilwaukee6er]

". . .pressing does not change the comic's composition. When you're buying a used car, do you say to the guy, 'Hey, did you wash this?' " says Mr. Borock.

The analogy of pressing=car washing does not logically follow. Pressing would be more akin to pounding out visible dents. Washing a vehicle prior to sale is more equiv. to putting a comic in a shiney 2 mil mylar and halfback prior to sale. What we now need is the equivalent of a CARFAX report.

[Timulty]

Yep, we could call it COMICFAX. Make it a for fee service. CGC would make back what it puts in it, in spades.

[mrwoogieman]

Sounds to me like you're daring WoogieMan to pull up their Schedule C's!