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Brew

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Everything posted by Brew

  1. I don’t believe that PPP will be looked upon as a success when the history books are written. It combined with ERTC and the other funding mechanisms have been boondoggles of the highest order. Are there businesses that legitimately needed the funds, definitely. They could have been funded with a much more restrictive process than what we got that actually put money where it was needed and where it was proven to be needed.
  2. It’s kind of interesting how they follow each other around with industry investments and how everything ebbs and flows around it. PE investments are on fire right now in the accounting industry. Multiples are through the roof, every PE/family office is chasing an investment and it will be interesting what happens when that valuation bubble pops.
  3. No, we’re seeing a lot of owner’s looking to get out because they are tired and the last three years haven’t been much fun. Employees, interest rates, supply chains, customer demands, etc have all made life more difficult. Flip side is most (outside of our manufacturing clients) are having record years each subsequent year which also has them thinking now is the time to jump. We aren’t dealing with any fire sales but the vast majority of our client base is family owned entities with valuations from the mid seven figures to mid nine figures. I have one manufacturing client that is looking at selling at equipment value but it’s a stupid number that isn’t far off what his best value was on earnings because of the industry he is in. I have others out on the market now that aren’t getting interest even though everything about them says they are good buys with excellent potential. Multiples are down from the high point and money is a little more scarce right now, but the market is still moving.
  4. One of our companies only deals in transaction advisory services. The capital markets have been strange since last August or right around then. Everything has slowed down significantly and things aren’t selling like they were before or for the same multiples. We’re still seeing interest in good companies, but seller expectations are skewed with where multiples were in the low rate / high cash environment. It has picked back up recently, but a lot depends on the numbers and the company type. The other issue is your last paragraph. There are a lot of companies kicking the tires on selling because they are done with the current operating environment and buyers know that so they are focusing on the cram of the crop.
  5. Article on SI basically says the same thing. PGA Tour and it’s play style survives, LIV disappears, LIV golfers pay substantial fines to PGA to be allowed back which evens some things up, and it is a win for everyone except that pesky little issue of Saudi ownership that they hope gets glossed over sooner rather than later.
  6. You can take a water taxi or Uber over to the Field Museum/Aquarium/Planetarium area also. My kids enjoyed those three more than the Art Institute, but culture is probably lost on them. They came by it honestly I suppose. If you are doing the boat tour, I would use the Architecture Center. They do a great job plus you get access to the Architecture Center with your ticket and they have really done a good job with it in combo with the boat tour. Your food options are solid. Around the river area we eat breakfast at Yolk most days when we are there. Remington’s was also good on the south side of the river. Don’t know the ones you are looking at around Second City. We always eat at one of our normal places around the river area and then take a car/train up from there. I’ve never had an issue with shorts that time of year although I’ll usually take a couple lightweight long sleeve shirts I can roll the sleeves up on or keep them down at night if it cools off.
  7. This is going to be the first summer in a while without any legitimate trips. Oldest starts college next year, so she is doing a couple of summer immersion camps at schools she is interested in, both kids leave for a mission trip tomorrow, youngest has a long camp late June, and the oldest is heading to Jamaica to visit a friend’s family for a couple of weeks. By the time they got all that pieced together we decided being home by ourselves that much would be a vacation and we would skip a year.
  8. If I’m anywhere near the coast, I’m living on blackened fish of the day sandwiches for lunch. Doesn’t matter what else is on the menu, blackened grouper sandwich, blackened mahi sandwich, etc. are all winning out other than the occasional taco version which it sounds like may also be a sandwich.
  9. Do you want to start an exchange program? I think we’re closing in on 100 Stanley, Yetis, and Tervis with the additional 5-6 that have shown up since Mother’s Day and the kids bringing everything home from school/sports/vehicles.
  10. To those that knew him, I’m sorry for your loss. His life seems like one that has made an impact on many which is more than most of us can say. I wish I knew more about him and connected the dots while he was still here after reading the tributes and articles that have been posted. The list of people that have commented is a who’s who of guys I would bend over backwards to sit down with which means he would have been on that list also. May he finally rest in peace and may his memory carry on in the words he has written.
  11. I thought surly was overrun with lawyers, but this thread makes it look it’s IT rather than attorneys. Consider me shocked that the IT world is all for working from home permanently. Ours have been out of office fires we at this point. I am curious what those on the earlier side of their careers think as most here seem to be well into it and are at the stage of leave me alone and let me work. We’re pretty much work anywhere, but most people come in most of the week although hours are all over the place. Our people are in markets where commutes aren’t an issue outside of a couple of larger markets which seems to be a major differentiator. WFH/Covid has driven up comp in our industry significantly so we’re seeing a lot more offshoring of the lower level jobs which will probably bite us in the ass later I’m sure. I talked to a firm recently that went from 0 offshore hours a few years ago to 2M hours offshore last year. It’s a weird time in the professional services industry and decisions management is making will have a ripple effect long-term.
  12. I drop in on a boating/fishing board that has a heavily conservative tilt. Those that hang from his jock have justified the Disney deal by viewing Disney as a governmental entity rather than a for profit corporation because of the district they operated under. They don’t understand there is a distinction between the two entities, but they are wholly onboard with the belief that Disney should not be exerting its influence in politics and that when they opened that door they jeopardized their standing as a stand alone autonomous entity. They also applaud the fact that Disney isn’t moving 2000 more libs to FL to influence the political landscape, so I’m not sure that’s going to play out as a loss. As far as the last few pages, civil discourse is clearly dead in this country which is kind of sad. Calling some random guy an “Uncle Tom” because he doesn’t vote like you is a little out there in my opinion, but whatever floats your boat. Roughly half the country would vote for Desantis tomorrow so the 3-4 people on here aren’t an anomaly. To them guns, sending the bad brown people home, owning the libs, and shoving alternative lifestyles back into the closet are way more important than some of the other things up for discussion. Small government sure as shit isn’t the reason anymore.
  13. I don’t engage with you anywhere. Go back and read our interaction 5-6 pages ago. It reads just like I pointed out above. I also didn’t personally attack you at all hence the woe is me portion of the back and forth. As far as the others in this thread, most seem to be (somewhat) reasonable posters based on what I see elsewhere on this site. I’m not responding to you again, so you can feel free to just ignore this response and move on. They have to have just about covered all of them at this point. There can’t be too many left that need to be worked in.
  14. Really? Every time Derka posts something, someone disagrees with it, and Derka immediately follows up with a woe is me, why is everyone attacking me response to which people then respond to his woe is me diatribe. The last ten pages of this thread have been a beating of posts by a certain poster who doesn’t like the show but still bitches about it incessantly. There are still some interesting (maybe not that interesting ) discussions on this final season. As far as the show, it’s still worth watching which is all that matters. Some of the story lines are dumb, some of the new character introductions are worthless, but who cares. I watch it every week because it’s still more interesting than most other things out right now.
  15. Sucks to see the thread updated with new people impacted. It doesn’t mean much from an internet stranger I’m sure, but you all are in the thoughts of many around here. Keep us updated. Wife had a PET scan yesterday related to a large mass that was found in her lung on a CT scan several months ago. Goes in yesterday, gets a text update this afternoon that results have been posted to her online portal. Her follow up was scheduled for next week. That seems like a pretty shitty way to handle scan results of this magnitude in my opinion. Luckily, it’s not cancer and appears to be a large cyst that she’s going to have to have the lower section of her lung removed to resolve, but I can’t get past the thought of what a shit way to find out you had cancer. Maybe, that’s a normal process but that just seems strange.
  16. I don’t keep up with episode by episode history, but he wasn’t “wildly famous” when she was introduced in Season 2 in the episode with his parents. He may be “wildly famous” at the end of Season 2 and in Season 3 which also happens to be the season that she took an interest in him. Hell, it was only an episode or two ago where the manager gushed over him in front of her.
  17. It kind of is. This is his first year, he doesn’t get the time of day up to now, presto he’s famous, she finds out he’s famous and likely well off, now they’re banging. That’s a story that is old as time. That’s one of the more believable stories.
  18. People will hate on it, but my jet ski’s have as many or more hours than the boats. The kids like to just ride around on them and I liked using them for a skate session where I didn’t really want much of a wake. I’ve just been buying 2 seat Sea Doo GTI’s. They only run 55 or so, they are easy to maneuver for the younger ones, I don’t want 3-4 of them on it at once, and they have enough power to pull someone on a skate or tube. One ride on the 300 horse model was all I needed to know I didn’t want my kids or nephews on one, so I went to the low end. I may go with Sparks when these get replaced as they rarely pull anything any more.
  19. Make sure to get X before delivering the purse.
  20. Just checked the cabinet here, we have 77 different Yeti’s, Tervis, Stanley’s, etc currently in the cabinet. I would bet there are easily another 10 or so floating around in cars, gym bags, etc. with the kids. I think maybe 2 of them are ones that were bought for me. My wife has a buying problem.
  21. Brew

    2023 NFL DRAFT

    This was a god awful pick. As much as people pimp McClay, he has no idea what he's doing after round 1. If you can't hit on rounds 2 and 3, you will swim in mediocrity forever unless you make up for it in free agency or trades. Something Dallas does none of. Or has an elite QB and coaching staff to cover the warts, also something they don't have. I got bored and looked at the roster because you constantly post this every year in draft threads. Their starting lineup currently is made up of the following guys drafted in the round noted: QB - Rd 4; RB - 4; WR - 1, 3, FA; TE - 4; LT - 1; LG - FA; C - 4; RG - 1; RT - 1 DE - 2, 4; DT - 3, 3; LB - 1, 1, 4; DB - FA, 2; S - 6, FA K - FA; P - FA That's not nearly as bad as you want to make it out to be. Basically 18 of the starting 22 are Dallas drafted players with 12 of those 18 being drafted by Dallas outside of round 1. When you look through the backups, they are also full of mid/late round draft picks. That's also on a team that made the playoffs and didn't exactly suck. They have plenty of issues but your constant bagging on their draft abilities are a little misguided.
  22. Brew

    2023 NFL DRAFT

    So they skipped the first round option and went straight to the second round option right off the bat?
  23. Brew

    2023 NFL DRAFT

    Scratch that thought.
  24. Brew

    2023 NFL DRAFT

    Would have preferred one of the TE’s there. Did Buffalo moving up throw them off or something because Mayer or even Murphy (maybe even Porter) make a whole lot more sense there.
  25. If you really want to see how fucked up this legislature is, look at their political moves to try and take over the Nashville airport authority, Music City Center, the development boards for the stadiums, etc because they are pissed Nashville leadership spoke out against hosting the GOP convention. I think they lost round 1 with trying to require a reduction in the number of board members in Metro Nashville. It’s crazy at this point, they think they can just pass whatever laws they want to do whatever they want unchecked. They may be right.
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