Ej money losing international operations
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How much did the GP of the Great White North make?
Kaa luu kukuu?? (or whatever those hosers sang)Hey, back to the origin of this post, HAS ANYONE EVER HEARD ANY “REAL NUMBERS” BEHIND HOW MUCH EJ SPENDS ON CANADA AND ENGLAND?
I looked at the 10k report from the origin of the post but there's no dollar details- only conceptual statements. Anyone ever heard a GP utter any dollar details? I would think GPs might know a little sumpin-sumpin about this. Any ex-GPs out there? Bartow? Wasler? Fess? Gilman? Roger Thomas? Dougie da gwoff gwoff gwoff guy? Oh that's right you're still a GP just an ex MP.This just in…Weddle has just announced that the Jones UK operation has been sold.
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091023/FREE/910239992/1094/INDaily01
So if RR is acccurate and Canada and the UK represented 300M out of 3.8B why would anyone think they wouldn’t put Canada up for sale?
WHEN YOU LOSE MONEY, and its a small revenue generator, WHY KEEP IT?Obviously, Weddle is not going to come out and state that they are shopping Canada. Maybe they are and we just don’t know it. Just like we didn’t know they were shopping UK.
I only see three answers: they are shopping Canada, they think they can eventually be profitable going on the same course, or they will do something dramatic to improve it’s profitability (i.e. use multi-FA offices, consolidate it’s home office operations, etc.). Canada probably produces $150mm. That’s maybe $3-4B in AUM. That’s no small operation. I think they are shopping it, although I have not really followed it’s growth trajectory. I don’t know how quickly it is growing, if at all, on a net basis.
The fourth option is to name Spiff in charge, and then everything will be fine again. He can tell others about the good ol days of Bachman et al.
Of course Volt will be named "turtle" as part of his entourage. And B...well you will be the sounding board of reason. (notice volt no disparaging remarks about YOUR wife) Have a great weekend...gents.Have you seen the chicks turtle is banging? I’d be honored.
Never said anything negative about your wife Cheese, except you should give her more attention than you give the Jones 10-k.
http://stlouis.bizjournals.com/stlouis/stories/2009/10/19/daily48.html
Says this new firm employs 500 in 10 offices, how many of those Jones offices are going to be consolidated. How do you all see that happening if Canada is next?Never said anything negative about your wife Cheese, except you should give her more attention than you give the Jones 10-k.
Volt- I am a renaissance kind of guy. I can multi-task!