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Non-Tech : SLJB - Sulja Brothers Building Supply, Inc.
SLJB 0.000001000-90.0%Jun 4 9:43 AM EST
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To: scion who wrote (697)11/24/2006 10:13:24 AM
From: Star the Wonder Pup  Read Replies (1) of 1681
 
My bet would be that the acquisition consists of the SAM name, the lease on the property, and the inventory. Obviously the land and building weren't included.

If it was a stock deal, then the asset valuation is qoing to be questionable. The real issue is SAM cash flow and profits, if any.

I have always questioned the revenue claim of %6 million. The average Home Depot has annual gross revenues of slightly under $40 million. I find it hard to believe that a small operation dealing only in building supplies would gross as much as $6 million.

Of course, financial statements would answer those questions.
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