To: Matt Brown who wrote (2630 ) 3/23/1998 11:34:00 PM From: screamin Respond to of 6654
TO ALL: My moniker is "Screamin". I am a US Army officer and avid investor/speculator. The nickname comes from college. I have been a lurker for some time. I own a decent number of CVIA shares. I have really enjoyed reading your messages. I am using the trial membership (please groan now and get it over with). Anyway, the only reason I am posting is because I want to share an article in today's USA Today Money section that is exciting if you apply it to CVIA and its possibilities. Anyway here goes: (This is only one small article from a full page spread) BUSINESSMAN SCORES BIG AFTER HATCHING ROLLUP IDEA Meet the godfather of the moder rollup. By next month, Jonathan Ledecky, 40, will have had a hand in the creation of eight rollups. In four years, he's gone form financing his first venture with $250,000 on his credit cards to personal holdings wirth $200 million. Ledecky is a Washington D. C. businessman who stumbled onto the rollup craze as it was taking off. He hatched the idea of rolling his single-contract stationer with five others, selling stock to the public, and becoming a major player in the office supplies business. Ledecky says he was turned down by 95 of the 100 contract stationers he approached about becoming part of the company. Forty investment bankers rejected the idea before he found one that would back him. U.S. Office Products was born. The $3 billion companyh rolled up 220 smaller outfits hawking everything from office coffee services to corporate travel. After the stock fell on hard times, Ledecky announced plans to split the company into five publicly traded companies. He has since gone on to co-found a floral wholesale rollup, USA Floral, that has $350 million in annual sales. He raised $500 million in a blind pool last year for Consolidation Capital before deciding to make it a rollup of building maintenance firms. Next: a rollup of equipment financing businesses, UniCapital. "I like sponsoring young, hungry executives who want to do consolidations," he says. Does any of this sound familiar. Sounds like Jack has make a good start. Perhaps he needs to contact this guy. Anyway just food for thought and a little boost to my already high optimism. Good luck all and I have appreciated the opportunity to read your postings. Screamin