Ha ha ha soooo stupid. You no profit in your list. You not in business when you don't profit. StupidOriginally Posted by Unregistered
Ha ha ha soooo stupid. You no profit in your list. You not in business when you don't profit. Stupid
Assests are pretty easy to understand. But the geniuses at Crappy Tire seem to have difficulty with the concept of "liabilities".
For instance, let's image a company that is values at, oh, about $765 million dollars. That's the market value of all the assets.
Now let's look at the liabilities. Let's pick a round figure of $1 billion.
So, what's the net value of that company? The difference between the assets and liabilities. Basic accounting.
This company is what's called "insolvent", because if you sold it for $765 million, and used the proceeds to pay of the $1 billion in debts, you'd still end up owing $235 million dollars.
That's what the geniuses at Crappy Tire did. Paid more for a company, than it was worth. Got stuck holding the bag for someone else's mistakes.
Oh, and in the process, they got their debt down-graded. Kind of like the US economy did, when lenders realized they might have trouble paying off their debts.
So next year, they will have a LOT more of their 'cash flow' going to service a bigger debt, at higher interest rates.
Nice job, Crappy Tire! Nice job!
Awesome! Tell your colleague who posted this statement. " Going out of business soon? They just got regulatory approval to buy Forzani group for over 700 million, all cash offer. You really need to get educated. "
Perhaps this idiot don't understand cash flow , ......
Hey, my friend has a car that was totalled by a drunk driver. It's worth maybe $300 for scrap, but still has $15,000 owing on it.
Maybe he can sell it to Crappy Tire for an "all cash offer" of $300, and Crappy Tire can take on all that debt, too!
Sounds like a good deal for my buddy, and Crappy Tires can claim even more 'bragging rights, LMAO!
Yes, my buddy just doesn't understand 'cash flow'!
FAIL
Check the Forzani balance sheet
less then $400 million in liabilities
$740 million in assets
insolvent you say?
OK, I'll check - just post the link, please, that backs up your claims. Thanks!
Crappy Tire's debt went up by $1 billion, but you claim only $400 million was to cover Forzani's debt.
So, where'd the other $600 million go?
Did the Crappy Tire executives pocket it all as 'fees'?
Just curious ...
actually i didn't claim anything, i just posted the information that I know in regards to Forzani
http://www.forzanigroup.com/investor...nualreport.pdf
Can anyone open the link mentioned in #17.
Um, you are reading a lot into the earlier comment.
Nobody said Forzani was insolvent.
They just gave an example of a company what would be, if their liabilities exceeded their assets.
Typical of the Crappy People to just make stuff up about other people, then claim it's someone else's 'fail'.
Well, then, you "claimed" that the information you posted was correct, did you not?
Or are you now admitting that you lied to the consumers on this forum?
Which is it? Are you a liar, or not?
Just wondering ...
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