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Greedy Restructuring Asshole (long)
Eisboch wrote:
"jps" wrote in message ... On Wed, 5 Dec 2012 20:56:04 -0500, "Eisboch" wrote: As for venture versus vultu Venture Capitalists are the good guys when the company is growing and needs financing. Vulture Capitalists are the same guys when things turn to ****. Not sure about that. Negative capitalism is a pursuit. There are plenty of guys out there looking to acquire companies whose assets are worth more than their market value. They're experts at dismantling companies in order to sell their parts. I assume every once in a while they come across something worth saving. -------------------------------------------- Ok. I guess I have to plead being recently guilty. A couple of weeks ago, I took an Eric Johnson Signature Series Fender Stratocaster in trade. On the used market, they typically sell for between $1,100 and $1,200 in excellent condition and with the original Fender case. This one was in excellent condition, but did not have the original case. That de-values it to probably about $900 - $1,000. So, I took it all apart and sold the parts individually on eBay. This was the first time I ever tried this. Body, neck, hardware, pickguard (with pickups and controls), neck plate, tremolo system, etc., everything except the non-original case, which I kept. Netted a total of $1,600 selling the parts individually. :-) I got the idea from a guy I know who has been doing this for years as a retirement business with his wife. He buys vintage and non-vintage guitars cheap, parts them out, and sells the parts on eBay. He averages about $200K a year in revenues with a total cost (not including his time, which isn't that much) of about $25K - $30K. The post office even supplies him with free shipping boxes and packaging. Not a bad little retirement business. There's nothing wrong with that. |
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