“Warren Kinsella's book, ‘Fight the Right: A Manual for Surviving the Coming Conservative Apocalypse,’ is of vital importance for American conservatives and other right-leaning individuals to read, learn and understand.”

- The Washington Times

“One of the best books of the year.”

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- Huffington Post

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- Mike Duncan, Classical 96 radio

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“Kinsella puts the Left on the right track with new book!”

- Calgary Herald


I’d say George Takach owes a few people a few apologies

Wouldn’t you?



7 Responses to “I’d say George Takach owes a few people a few apologies”

  1. bobby says:

    Yeah, that valuation for Murray is completely ridiculous. They employ thousands, in a dozen companies, and bring in 30M$ of revenues. For that valuation to be real, they would have had to give away or spend every dime they’d ever made, and then only value their company at 10-15% of revenues. People would be lining up around the block to buy Brinkmans at that valuation. Why are they lowballing their wealth?

    • Bluegreenblogger says:

      I have news for you. Companies are just not valued at a percentage of revenues. You can look at net assets, multiples of earnings, ‘net present value of future earnings’, or many other measures, but percentage of revenues is just a meaningless number.
      If, for example, the buisness earns a 4% net, then a 5 times multiple of earnings would value it at about $6,000,000. 5 times multiple is generous, although the 4% net was a number plucked from my butt.

      • bobby says:

        Easy guy. Neither one of us can confidently value a company with this scarcity of information. We’re bumbling around in the dark.

        But I think we’ve both gone ahead and shown that the valuation is really weird. Your 4% is very low, by most standards, and the 5x multiple is yeah a bit high. But not high given Brinkmanns has a lot of growth opportunities that they are pursuing throughout the Americas. I’d expect to see margins at least in the 5-10% range (I know they are low but this is a market leader). So lets say 7% and a 5x multiple: that’s 10M, right there. Even your *extremely* conservative estimate is 6M.

        And even your 6M, is more than their total disclosure. And that’s totally excluding any and all other investments such as retirement funds or property. These are super-successful businesspeople at the end of their careers.

        They can’t have it both ways: they can’t employ thousands of people, say you are super-awesome at business, and then get away at saying “we’re not wealthy”. Of course you are. The 5M is garbage. But I agree any estimate of mine is going to be a mess.

  2. AP says:

    We’ve been at this leadership campaign thing now for a while now and to this very day I can’t read Takach’s name without asking in all seriousness,

    “Who the fuck is George Takach?”

    I ask that notwithstanding his daily emails asking me for my money, my support and for me to read about who he is.

    So I ask again, who the fuck is George Takach?

    I suspect somewhere in there is a rhyming couplet waiting to be born.

  3. frmr disgruntled Con now Happy Lib says:

    These days, a million bucks in Vancouver gets you a tear down or fixer upper in the East side of the city…….I am sure for 1.4 million, in a nicer area of Vancouver, her house would be quite modest…..http://www.crackshackormansion.com/

  4. james curran says:

    Well he’s out ot the race now and backing my guy. AAAAANNNDDD – surprise, surprise – he’s going to run for MP.

    • Jennifer Ross says:

      Well, I sure hope he’s learned from this that misrepresenting your opponents doesn’t work in Liberal-land. We are, thank God, not Conservatives. I also hope he’s learned that for condescension to work, you actually have to be better–at anything–than the person to whom you are being so condescending. And, just to be on the safe side, maybe pull that out of your bag of tricks.

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