>> I look at my investment in the Q as ownership of the company. What
management has done it to put half a billion dollars of cash into my company with minimal negative short-term effect and very positive long-term effect.
Randall, let's say you join Canyon Creek Country Club for a $50K fee which makes you a member/owner. About 3 months later, management decides that they would like to have more cash in the bank, not that they need it to pay bills or fix the greens or anything since they are already making a terrific operating profit off range balls, carts, and beer. So they slap you with a $1,500 assessment, and you have to postpone the monthly payment on your kid's braces and brown bag your lunches for a few weeks. When you complain, management says, "hey, you are an owner member, and part of the money we just put in the bank is yours, so quit bitching, you haven't lost a thing."
Do you buy it?
Frank |
