Cotton Fitzsimmons

Thanks for the advice. The thing I can't figure here is she wasn't at all hesitant to send me the P&L a day after telling me what she had "cleared" Then obviously she responded that you are allowed to show a loss for 5 years so she has shown that "on paper" Clearly something seems amiss here, but it's odd that the business has been in town for so long and is so well established. If it weren't for that fact alone, I would've never even pursued this.

Yeah, the landlord charges her 18% of the property tax. I used to have a similar set up with a building I leased. I've seen it usually rolled in to the rent with "CAM" fees, but she split it up as separate from her rent in this case. But, I think that part is legit.

As some of you may know YE OLE recently found himself joining the ranks of YE UNEMPLOYED. In light of this I am looking to go back into business for myself, and found an existing small business for sale. The business is a Dollar Store, and is in a small town and has modest sales. That being said it has been at this location for 20 years and has had 2 owners during this time. Seemingly, it has done well for them. When it recently came up for sale, I went in to talk to the woman who owns it and she claimed that the first 3 years she owned it she cleared 70-75k, while the last two years she has cleared in the mid 50k range, attributing the dip to the economy. She specifically stated that she cleared 53k last year. I became very interested, because she is desperate to sell as her mother has become very ill and requires 24 hour care, otherwise her plan had been to work the store another 5 years and then retire. Now, excuse my long winded intro. and on to the meat of the problem... I requested to see her P&L, and she obliged and promptly faxed me a copy of last year's statement. I was shocked as it read nothing like what I had expected. Here's a brief synopsis: Total Sales: 109,876.16 Total Cost of Goods Sold: 54,089.00 Gross Profit: 55,787.16 Now, the Operating Costs are broken down as follows: Payroll Expense: 18,612.85 Donation: 50.00 FICA: 1423.87 FUTA: 144.40 SUTA: 48.07 Advertising: 135.00 Bank Expense: 422.91 Car and Truck Expense: 1641.75 Depreciation Expense: 1810.00 Insurance (Business): 2012.00 Legal/Accounting Fees: 3004.42 Licenses and Permits: 31.00 Rent- Building: 15,600.00 Repair and Maintenance: 202.00 Office Supplies: 1605.76 Taxes (Property): 3291.49 Telephone: 1878.12 Utilities: 9048.65 TOTAL Operating Expense: 60,962.29 Net Operating Income: -5175.13 Interest Expense: 4053.35 Net Income: -9228.48 Now, YE OLE has previously been a small business owner, been a retail manager, as well as a manager of a bank. I like to think I know my way around a P&L, but what am I missing here? I did contact the owner after receipt of the statement and she told me that she has shown a loss on paper for each of the 5 years she has owned the business and you are allowed to a show a loss on a business for tax purposes for 5 years and that's what she has done. So... I'm throwing this out there, especially to any CPA's or lawyers amongst us, what am I missing or what are possible explanations for this? How could she legitimately be pulling 50-70k per year out of this?

Impossible!

Last I heard, it will changeas early as 2012 if adopted. My gut tells me, however, that it will be adopted. I think the Toronto series contract runs through 2014 or so but alas Ye is not sure.

Ye Ole got to thinking today... what impact will the enhanced schedule have on the Toronto series? If we are now down to only 2 preseason games, will they still play one in Toronto, or will there be 2 regular season games in Toronto, still leaving 7 at the Ralph? Obviously, there's been much speculation that more games would move to Toronto in the future anyway, but will this new schedule (and Ye believes that it will come to fruition) hasten such a decision. What say you?

No. Maybin is just a very sucky player.

Incorrect my good fellow. James "hot rod" Harris was no Drew Bledsoe

This conversation begins and ends with Drew Bledsoe.

No sign of Marshawn, but Der Kommisar's in town, OH OH!

Thanks for the link my round receptacle of beer... I think my favorite quote of the day came from Corny Green: “Trent is ready man, Trent is ready to go,” said Green after Tuesday’s practice. “He’s talking to us every day. We’re amongst him every day. We’re just trying to jell right now.” Corny went on to say... "Just his confidence man,” said Green. “He’s confident with what he wants to do. He wants to lead a team. He’s had some years in the league and he just wants to be able to get this team past that point of just being a good team and getting to the playoffs. He works with us every day. We eat breakfast together. We’re chatting with him so I’m looking forward to working with him.” The rest of the NFL best beware... Trent is no longer happy with us being just another good team... we're takin it to the next level!

At one time Flutie was the whip shizzle... for this you cannot deny.

Culpepper used to be the whip shizzle... for this you cannot deny.

As I clearly stated, I'm not happy with the present state. But we have all these assclowns predicting that we'll win 3 or 4 games every season like clock work, when over the past 8 seasons we've been the quintessential 7-9 team. I'm not happy with 7-9, but the fact is to me that's mediocre. There's a far sight between that and 1-15, 2-14, 3-13. We talk about these over night transformations from 1-15 to 11-5, and how Chan is hopeful we can do something like that. My point is we're not nearly as far in the hole as some make it out to be. If we found a way to win 2 or 3 more games (not 10 more games) per season, even during the Jauron era, we would've made the playoffs and even possibly won the division a time or two. I'm sick of hearing prognosticators say we're going to go 3-13 and be the worst team in the NFL next year. It's not going to happen.

Beerball, my good fellow, what irritates YE OLE about all of these experts consistently predicting us to finish dead last is they do it so smugly and they've been consistently wrong. We've got guys like Marshall Faulk predicting 3-13 every year and then coming back the next season and laughing at us some more while making the same lame prediction. We haven't been nearly as bad as the hype that follows us. Don't get YE wrong... we should not be happy with our current situation, but the proper term for the last decade would be "mediocre" We've consistently been in the middle third of the league. Over the last 8 seasons we average out to 7-9, not 3-13. 7-9 is a small improvement away from being in the playoffs. I'm not saying we deserve to be in the conversation with playoff contenders until we prove it, but we sure as hell should not consistently be picked to finish with the Lions, Rams, Raiders, etc. YE OLE could handle predictions of 6-10 or 7-9... that very well could be accurate, but I get the feeling guys like Peter King and Marshall Faulk truly believe that we've been the laughing stock of the league for the last decade and it's simply not true.

Must be all that "piston pumping" action

There's something ironic about a poster calling himself captain winkie criticizing my shake weight thread. Plus I can totally see levitre finishing up a set and gasping "oh that's it!" Just like in the commercial. That's how the "rooster blockers" train.

Word is that Levitre,Wang, Wood and the rest of the oline have started a new strength training regimen and have really beefed up this year. Apparently this is the routine they've been doing: http://www.youtube.com/watch?v=xbsSeVr5NSI&sns=em

I'm the defensive rookie of the year and for a lot of you that's a pretty tough nut to swallow. .. I got the biggest house and the prettiest ladies... all because I'm the champ'yun! Whoooooooooo!

Yeah, that's the interview to which YE OLE was referring. Real classic stuff.

Obviously YE OLE was pulling for Byrd in the re-vote, and it seems absurd to YE that Cushing somehow won the re-vote, but aside from these feelings of bitterness and angst, did anyone catch Cushing's response to the results of the re-vote? Did anyone else think he came off like a complete douche? It was like he was up there grandstanding and flaunting it, "stylin' and profilin' " if you will. I halfway expected him to start waxing poetic like the legendary Ric Flair: "Jairus Byrd... Clay Matthews... you're pretty good, but guess what? You're not... THE CHAMP'YUN! WHOOOOOO"

RealityCheck, in honor of you sir:

Agreed, just to clarify, I was referring to the backs we've brought in since the T-Henry era, however I failed to mention this. Certainly if Spiller is anywhere near OJ's athletic abilities we will all be thrilled.

You need 3 good backs to win in this league. In case Willis and Ray Rice go down, they'll be able to win games with Marshawn. It's that's simple.

Ben Roethlesberger is that guy that invites himself to your backyard BBQ. Nobody really likes him, you don't want him there, but he shows up anyway. Then, during the BBQ, when you're having a nice round of Jarts, Big Ben is that guy that thinks he's suddenly an Olympic hero and decides to get a running start and chuck the Jart as though he were throwing a javelin, only to have it soar over your fence and shatter your neighbor's kitchen window. Then he gives you that blank stare and is like "oh **** dude... I gotta go" On a scale of 1 to awesome, just how good is CJ Spiller going to be? For all of the running backs we've drafted and acquired here (many of which have been very good), none have been that shifty/burner type of back that can single handedly make plays when nothing is there. Who will emerge as the starting QB? YE OLE's money is on Brohm.