[TowerTalk] I.C.E. - Company for sale

[Joe Subich, W4TV]

> 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 at contesting.com 
> [mailto:towertalk-bounces at contesting.com] On Behalf Of Bill N1eY
> Sent: Friday, March 07, 2008 3:24 PM
> To: towertalk at 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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