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To: burns29 who wrote (4590)7/30/1999 12:43:00 PM
From: Mike MacNaughton  Respond to of 4767
 
>> A simplified scenario.
Assuming a 4 month operating season at 30 days per month. You have 120 days time $4000 a day. This is $480,000. If they are expecting $.5M for the season, that is only a $20k profit

Subtract from that the depreciation of the waterpark assets and it is a major paper loss.



To: burns29 who wrote (4590)7/30/1999 1:55:00 PM
From: Gator  Read Replies (1) | Respond to of 4767
 
The season isn't 4 months. It opened right around Memorial Day and lasts till Labor Day, 3 months. Add $120,000 back in and you'll have your number.

Gator


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