The owners of this company must be smoking something, that's for sure. Just
a scam to off-load an already dead business. Based on last years sale this
company is worth nothing!! History means very litle for future revenues but
can be considered when determining price. Sorry about the off-topic
comments. I'm in M&A.
73 Bert, VE3OBU
-----Original Message-----
From: towertalk-bounces@contesting.com
[mailto:towertalk-bounces@contesting.com] On Behalf Of Joe Subich, W4TV
Sent: Friday, March 07, 2008 3:58 PM
To: 'Bill N1eY'; towertalk@contesting.com
Subject: Re: [TowerTalk] I.C.E. - Company for sale
> No way can you sell a small business in a down sector at more than 20
> times the sales. Plus, we don't know what the earnings are currently.
> Who want to buy a business at P/E of 40?
Absolutely correct ... $900K is generous. On a good day, $900K would be 8
to 10 times gross margin on $600K in annual sales.
Debt service on $2.7 million is more than expected gross margin on sales!
73,
... Joe, W4TV
> -----Original Message-----
> From: towertalk-bounces@contesting.com
> [mailto:towertalk-bounces@contesting.com] On Behalf Of Bill N1eY
> Sent: Friday, March 07, 2008 3:24 PM
> To: towertalk@contesting.com
> Subject: Re: [TowerTalk] I.C.E. - Company for sale
>
>
> It is at the most absurd price. No one sells a business on Ebay,
> either. They probably went to a business broker that said perhaps
> 900k for the business at the best. No way can you sell a small
> business in a down sector at more than 20 times the sales. Plus, we
> don't know what the earnings are currently. Who want to buy a
> business at P/E of 40?
> You would never make your purchase price back.
>
> Sorry to be so negative, but I had to look because it sounded so
> interesting to me!
>
> bill
> n1ey
>
>
> Barry wrote:
> > That's a lot of bandpass filters :.) Barry W2UP
> >
> > Terry wrote:
> >
> >> And they accept PayPal if you decide to buy it! :-)
> >>
> >> 73 de Terry KK6T
> >>
> >> Greg Clark wrote:
> >>
> >>
> >>> Saw this today, on eBay of all places. Take a look at eBay item:
> >>> 250221413049
> >>>
> >>> Or, do a general search on eBay for Industrial Communications
> >>> Engineers.........starting bid, $2.7M.
> >>>
>
> _______________________________________________
>
>
>
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> TowerTalk@contesting.com
> http://lists.contesting.com/mailman/listinfo/towertalk
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