see the outlook from Jones' 2008 10-k report below
I don't get it...Canada 1995= 14 years. U.K. 1997= 12 years
Q1: How does this help my clients in my small town?
Q2: How does it help me help my clients?
Q3: Any guesses as to WHY they'd keep pissing money away around the globe?
I can only speculate there MUST be some "pie in the sky" gigantic payoff somehow "some day" expected by the GEEPs.
Jones Financial Companies LP LLP · 10-K · For 12/31/08 Filed On 3/30/09 5:32pm ET ·SEC File 0-16633 · Accession Number 1068800-9-75
Item 1A. Risk Factors, continued
International Expansion — The Partnership's foreign operations are not yet profitable; they will require significant infusions of capital and may never become profitable.
The Partnership's branch system has expanded into Canada and the United Kingdom. Operations are at substantial deficits in these two countries, and it is anticipated that it will be a substantial number of years before the Partnership's expansion in these countries will reach a sufficient scale of operations to achieve profitability. Additional investments will be incurred in the interim, which will be substantial. Despite the substantial past and prospective investment in the foreign branch system, the Partnership's Canadian and U.K. operations are not yet profitable, nor is there any assurance at this time that either operation will ultimately attain profitability.