The Veritable Quandary to Close - say it ain't so?!?!?! (1 Viewer)

[Denny Crane]

When was this?

Last year.

 

[Denny Crane]

I'm sorry, Denny, but that is just literally incorrect. They DID negotiate a sale price, and the government was NOT the only potential buyer. The owner did not have to sell to the government. He chose to.



Sure, but (a) there aren't any, and (b) the government didn't do that.



It certainly is.



I don't see how it possibly could. I haven't seen his books, but I'd be very surprised if he wasn't hugely profitable, plus he just cashed out the building.

barfo

This whole post is full of shit.

I wouldn't be surprised if the guy owed more than he got. If the business was doing so well, someone would have made an offer. They must have seen the government squashing the business as a negative. The owner said the only viable resolution was to sell; if he chose not to then what?

Government killed the business.

 

[SlyPokerDog]

Last year.

And you didn't take a picture or video? I see something like that I'm taking a picture and letting them know I'm taking a picture. Sending it to the news, posting it on the city's facebook page. You do nothing?

Something similar happened to me when I went to Comcast, dip shits fucking around, not helping anyone, line stacking up. I started taking pictures. Manager starts freaking out. Calls some kid out from back to stop me from leaving. Says I have no permission to take her picture and that she wants my phone to delete it. I point to the security cameras on the wall and told her to delete my pictures first. I emailed her boss and got her demoted, she had been promoted to manager the week before.

 

[Further]

That sounds fun. I like the rarer varietals, or lesser-known. You don't see much of those varieties around, though Carmenere and Albarino generally seem a little more common than the other two. We used to drink a fair amount of an inexpensive Chilean Carmenere - I mean at least a bottle a week, but I cannot remember the winery at the moment. There was a vintage or two where I think Las Rocas had an interesting Carmenere, but the more recent stuff wasn't as interesting. I love a good Albarino, though. Abacela in Southern Oregon makes one I find pretty impressive. We import one from Spain that is the tits - I'll actually be visiting the producer in April.

It seems to me that most Chilean Carm is left on the vine a bit long, over ripening it in my opinion and losing some of the varietal characteristics, especially all that bell green pepper. I love carm but it seems like most people don't. The school I go to actually makes a pretty good one. The wines from College Cellars are hit or miss because they are made by students. But we just won 14 medals at the recent San Francisco International Wine Competition.

http://sfwinecomp.com/results/browse

If you make it out this way, I'll make sure aside from some of the more notable wineries around, I'll also get you some barrel tasting of the Sangio and Merlot I'm making. The Sangio is tasting amazing. I'm actually shocked, I wasn't expecting to be making something so good so soon. The grapes are from 7 hills and one row over was the Sangio that Leonetti uses. So basically, I just didn't fuck up great grapes.

Last night I got to participate in a Skype interview with the senior wine buyer for WineLibrary. It was very interesting, it was for a wine marketing class. What do you do as far as import/export? Who do you work with?

 

[Denny Crane]

And you didn't take a picture or video? I see something like that I'm taking a picture and letting them know I'm taking a picture. Sending it to the news, posting it on the city's facebook page. You do nothing?

Something similar happened to me when I went to Comcast, dip shits fucking around, not helping anyone, line stacking up. I started taking pictures. Manager starts freaking out. Calls some kid out from back to stop me from leaving. Says I have no permission to take her picture and that she wants my phone to delete it. I point to the security cameras on the wall and told her to delete my pictures first. I emailed her boss and got her demoted, she had been promoted to manager the week before.

The creepy mayor was forced to resign after several women complained about inappropriate behavior.

I'm sure barfo liked the creepy democrat, and Anthony Weiner.

 

[barfo]

This whole post is full of shit.

It certainly is. Why did you post it?

I wouldn't be surprised if the guy owed more than he got.

That's only because you don't have a fucking clue what you are talking about.
If you'd ever visited the restaurant you'd know it was very successful.

barfo

 

[Denny Crane]

It certainly is. Why did you post it?



That's only because you don't have a fucking clue what you are talking about.
If you'd ever visited the restaurant you'd know it was very successful.

barfo

I wanted you to be sure I was referring to your post as being full of shit.

You have no idea if they made much money or what they owe.

 

[barfo]

You have no idea if they made much money or what they owe.

Actually, I do have an idea, because I've been there often, and unlike you, I can figure out that if someone bought a building in downtown Portland 45 years ago, it's worth one hell of a lot more now than when it was purchased.

But you go on and keep digging that hole you are digging. It's already big enough to serve as the basement for the new courthouse.

barfo

 

[Denny Crane]

Actually, I do have an idea, because I've been there often, and unlike you, I can figure out that if someone bought a building in downtown Portland 45 years ago, it's worth one hell of a lot more now than when it was purchased.

But you go on and keep digging that hole you are digging. It's already big enough to serve as the basement for the new courthouse.

barfo

http://lmgtfy.com/?q=mortgage

 

[barfo]

http://lmgtfy.com/?q=mortgage

45 years. How much do you think he could still owe on a 45 year old mortgage? What do you suppose the price of the building/land was back then, and what do you suppose it is now?

barfo

 

[Further]

EDIT: never mind, I said something I should have kept private.

 

[Denny Crane]

45 years. How much do you think he could still owe on a 45 year old mortgage? What do you suppose the price of the building/land was back then, and what do you suppose it is now?

barfo

You called me clueless. LOL.

His mortgage could be one year old. It would be silly to leave a lot of equity tied up in the property. He might have more than one mortgage, too.

The place could be worth $100M. If he owes $80M and the government offered $70M, he has to come up with the difference. The price then/now is irrelevant.

Did you hear the one about the company that sold widgets for $2 that cost them $3 to make. Sales were huge, because those are a good deal. "They must be profitable," says barfo.

Look, the owner didn't say he's moving to another location. He's still going to have loyal patrons, witness those who say they like ke the food and will miss the place. He didn't stay open because this $250M monstrosity is going to dwarf the place and ruin the ambiance, wreck traffic patterns and parking, etc. If the profits were so good, he'd stay or move the business. Or sell it to someone because the name, recipes, goodwill, processes, etc., mean profit.

 

[barfo]

You called me clueless. LOL.

Yes. And you are indeed clueless, and you keep proving it.

His mortgage could be one year old.

Sure.

It would be silly to leave a lot of equity tied up in the property. He might have more than one mortgage, too.

Sure.

The place could be worth $100M. If he owes $80M and the government offered $70M, he has to come up with the difference. The price then/now is irrelevant.

Sure, if you imagine he just bought the place. Too bad for your theory, he didn't.

Did you hear the one about the company that sold widgets for $2 that cost them $3 to make. Sales were huge, because those are a good deal. "They must be profitable," says barfo.

Apparently you don't know much about the restaurant business. A steamed widget with widget sauce and a side of baby widgets does not cost $3 to make, nor does it sell for $2.

Look, the owner didn't say he's moving to another location. He's still going to have loyal patrons, witness those who say they like ke the food and will miss the place.

He's also been running the place for 45 years. That probably makes him at least as old as you and I. Seems just possible that he's ready to retire.

He didn't stay open because this $250M monstrosity is going to dwarf the place and ruin the ambiance, wreck traffic patterns and parking, etc.

Like there is any parking to wreck.

If the profits were so good, he'd stay or move the business. Or sell it to someone because the name, recipes, goodwill, processes, etc., mean profit.

Yeah, he probably lost money for 45 years as the restaurant just got more and more popular. Seems plausible in DennyWorld.

barfo

 

[SlyPokerDog]

The creepy mayor was forced to resign after several women complained about inappropriate behavior.

I'm sure barfo liked the creepy democrat, and Anthony Weiner.

So you got fucked by the gubment and didn't do anything about it.

You sure you ain't a democrat?

 

[Denny Crane]

barfo,

I didn't say he didn't make money. Strawman after strawman and you aren't even arguing against those very well.

A conservative guess on my part would be that the restaurant is generating $400K in free cash before paying the owner.

That still doesn't mean he has no debt or the business has none. Hell, if his suppliers give him net 30 or even net 90, he owes them a decent amount.

The guy isn't so old that he tried to keep the business open but the government killed it.

 

[Denny Crane]

So you got fucked by the gubment and didn't do anything about it.

You sure you ain't a democrat?

Inconvenienced by the government. I expect no less.

Nobody else took pictures or made a stink. They've seen it all along.