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Thread: Crappy Tire's Financial State

  1. #21

    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    FAIL
    Check the Forzani balance sheet

    less then $400 million in liabilities
    $740 million in assets
    So, even by their own admission, the assets of Forzani are only $745 million, and the geniuses at Crappy Tire forked out $765 million, over-paying by about $20 million.

    No, wait. Crappy Tire 'wisely' agreed to assume the $400 million in debt. So, they actually paid $765 million but got only $340 mission in assets.

    Overpaid by $425 million!

    Nice job, Crappy Tire!

    Financial geniuses, all of you!

    It makes your failed expansion into Texas look like a roaring success, by comparison!

    How many defective Simoniz pressure washers and cedar trees does that represent? Just wondering, since you are so good at math, LOL!

    Oh, and where did you wise accountants say the other $600 mission went? You know, the rest of the $1 billion they borrowed, to make this deal happen?

    Man, I guess you'lll have to start selling major appliances, with a "no return" policy, huh?

    Oh wait: that's already in place.

    You guys are just SO SMART!

    LMAO!

  2. #22
    Posted by an unregistered user CT Me / Lawguy's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    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 ...


    You're aware there's more then one anonymous poster on this forum are you not?

    just wondering......

  3. #23

    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    You're aware there's more then one anonymous poster on this forum are you not?

    just wondering......
    Yes, I am aware that there is more "than" one anonymous poster on this forum.

    That's why I directed my comment to the person who wrote "less then $400 million in liabilities
    $740 million in assets insolvent you say?"

    Are YOU aware that only one person can post a single message?

    Just wondering why you are being so annoying ...

  4. #24

    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    So, even by their own admission, the assets of Forzani are only $745 million, and the geniuses at Crappy Tire forked out $765 million, over-paying by about $20 million.

    No, wait. Crappy Tire 'wisely' agreed to assume the $400 million in debt. So, they actually paid $765 million but got only $340 mission in assets.

    Overpaid by $425 million!

    Nice job, Crappy Tire!

    Financial geniuses, all of you!

    It makes your failed expansion into Texas look like a roaring success, by comparison!

    How many defective Simoniz pressure washers and cedar trees does that represent? Just wondering, since you are so good at math, LOL!

    Oh, and where did you wise accountants say the other $600 mission went? You know, the rest of the $1 billion they borrowed, to make this deal happen?

    Man, I guess you'lll have to start selling major appliances, with a "no return" policy, huh?

    Oh wait: that's already in place.

    You guys are just SO SMART!

    LMAO!
    Don't forget how they managed to cause a down-grade of their own credit rating!

    They go on and on about how important credit is, but they can't even manage theirs! LOL Hilarious!

  5. #25
    Posted by an unregistered user Guest-0276's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    Yup, the Crappy Tire Geniuses really screwed up, big time.

    It's like a buddy of mine who bought a $2000 car, but it turned out it had a $1000 lien against it. So, he ended up paying $3000 for a $2000 car. Bad deal!

    Same with Crappy Tire. They bought a $765 million company, but it comes with a $1 billion debt. So, they will end up paying $1.765 billion for a company that's not even worth $765 million!

    Good job, Crappy Tire! Good job!
    mebe they could sell it as new and then put the warranty information in the fine print! Oh CT's thinking cap must be smoking over that one lol. But where oh where should they put cars in the online catalogue? Surely it can't be next to the "no warranty" pool they're selling.

    Let's see if they get enough of those cars then they could issue their own derivative bonds for full value and voila...good as new lol. Just don't look under the hood of these babies...or even your own car that's been "repaired" for that matter lol

  6. #26
    Posted by an unregistered user Guest-0276's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    mebe they could sell it as new and then put the warranty information in the fine print! Oh CT's thinking cap must be smoking over that one lol. But where oh where should they put cars in the online catalogue? Surely it can't be next to the "no warranty" pool they're selling.

    Let's see if they get enough of those cars then they could issue their own derivative bonds for full value and voila...good as new lol. Just don't look under the hood of these babies...or even your own car that's been "repaired" for that matter lol
    Money in the bank you 9 to 5 fivers.

  7. #27

    Re: Crappy Tire's Financial State

    Canadian Tire Corp. reported a 13.9-per-cent fall in quarterly profit on Thursday

    Earnings fell to $105.8-million or $1.29 per share, compared with $122.8-million or $1.50 last year.

    Canadian Tire earnings fall in quarter - The Globe and Mail

  8. #28
    Posted by an unregistered user CT Me / Lawguy's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    Canadian Tire Corp. reported a 13.9-per-cent fall in quarterly profit on Thursday

    Earnings fell to $105.8-million or $1.29 per share, compared with $122.8-million or $1.50 last year.

    Canadian Tire earnings fall in quarter - The Globe and Mail
    LOL you quote this as if it's like impending death. $105 million profit. Uh oh here comes bankruptcy lol

  9. #29
    Posted by an unregistered user Guest-0539's Avatar
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    Re: Crappy Tire's Financial State

    Quote Originally Posted by Unregistered View Post
    LOL you quote this as if it's like impending death. $105 million profit. Uh oh here comes bankruptcy lol
    " impending death ', " here comes bankruptcy " , You wrote these words, not me. Are you afraid that may happen ?
    I am just quoting these figures from public source. That's all.

  10. #30
    Posted by an unregistered user Guest-0276's Avatar
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    Re: Crappy Tire's Financial State

    With those bozo's in the investment cockpit it won't be too long now lol.

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