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CC Advertisers
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 3Likes
01-08-2013, 10:42 AM
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CC Member
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Join Date: Mar 2006
Location: San Marcos california,
CA
Cobra Make, Engine: 1989 KCC from South Africa Right Hand Drive
Posts: 1,605
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Not Ranked
This train of thought seems to be prevalent today..........But , How?......I ask does anyone stay in business, let alone grow your business if everyone is making you publicize your bottom line profits. The amount of profit that the dealer makes has nothing to do with anyone.......The buyer needs to be happy with his purchase, but he does not own the dealers private information or access to the books......entitled......cheeez............
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01-08-2013, 10:51 AM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by CHANMADD
This train of thought seems to be prevalent today..........But , How?......I ask does anyone stay in business, let alone grow your business if everyone is making you publicize your bottom line profits.
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You can only realize a dollar if someone else loses a dollar. People will tell you otherwise, but the real truth of the matter is that you have to take other people's money away from them in order to increase your own wealth. The real trick is taking it so that they are happy that you did.  People that do well in the Cobra-hobby industry have learned this simple rule. |
01-08-2013, 11:12 AM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by CHANMADD
This train of thought seems to be prevalent today..........But , How?......I ask does anyone stay in business, let alone grow your business if everyone is making you publicize your bottom line profits. The amount of profit that the dealer makes has nothing to do with anyone.......The buyer needs to be happy with his purchase, but he does not own the dealers private information or access to the books......entitled......cheeez............
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While Cobra dealers are private, I think Shelby is a public company. And public companies have to disclose their financial info anyway. Who cares what they make or lose. It's only money.  |
01-08-2013, 01:18 PM
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CC Member
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Join Date: Apr 2012
Location: Bay Area (Peninsula),
CA
Cobra Make, Engine: ERA 427, 427/487 side-oiler
Posts: 1,248
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Not Ranked
Quote:
Originally Posted by RodKnock
While Cobra dealers are private, I think Shelby is a public company. And public companies have to disclose their financial info anyway. Who cares what they make or lose. It's only money. |
Shelby is private. Way too small to be a public company. |
01-08-2013, 02:50 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by lippy
Shelby is private. Way too small to be a public company.
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I'm not sure what small has to do with it? 
CSBI Profile | CARROLL SHELBY INTL Stock - Yahoo! Finance |
01-24-2013, 03:31 PM
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CC Member
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Join Date: Jan 2009
Location: Jonesboro,
AR
Cobra Make, Engine: Backdraft 874 solid red Roush 427 small block 515 hp
Posts: 572
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Not Ranked
Too small to be public
Quote:
Originally Posted by RodKnock
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The SEC regulators, attorneys, auditors and reporting requirements are very expensive.
To trade on stock exchanges, with public shareholders, is very expensive in legal and accounting bills. 10-K and 10-Q forms are required for public companies.
Public companies can still be shady like Enron, et al.
There are very large privately-held companies like Edelbrock. It went public and eventually returned to private ownership.
This is about all a retired old CPA can type on an iPhone without getting a smart guy to help out.
__________________
There were no atheists in the foxholes.
Last edited by rpatton3; 01-24-2013 at 03:33 PM..
Reason: Typo
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01-24-2013, 04:32 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by rpatton3
The SEC regulators, attorneys, auditors and reporting requirements are very expensive.
To trade on stock exchanges, with public shareholders, is very expensive in legal and accounting bills. 10-K and 10-Q forms are required for public companies.
Public companies can still be shady like Enron, et al.
There are very large privately-held companies like Edelbrock. It went public and eventually returned to private ownership.
This is about all a retired old CPA can type on an iPhone without getting a smart guy to help out.
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Ahhhhhh, thank you. I appreciate the "Accounting 101" meets "SEC Regulations" lesson. Might as well throw a few FASB's at me too while you're at it. 
My point was: small is relative. |
01-24-2013, 04:45 PM
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CC Member
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Join Date: Jan 2009
Location: Jonesboro,
AR
Cobra Make, Engine: Backdraft 874 solid red Roush 427 small block 515 hp
Posts: 572
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Not Ranked
Public companies
Quote:
Originally Posted by RodKnock
Ahhhhhh, thank you. I appreciate the "Accounting 101" meets "SEC Regulations" lesson. Might as well throw a few FASB's at me too while you're at it.
My point was: small is relative. |
Sure, everything is relative. Sounds like you speak the lingo with FASB, GAAP, GAAS, SEC, NASDAQ and, of course, the IRS. They took care of Al Capone when FBI could not.
Best wishes from the frozen South!
__________________
There were no atheists in the foxholes.
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