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Brew

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Everything posted by Brew

  1. I really like the similar one I have. I’m extremely happy with the rubber band which I didn’t think I would be when I first was trying to decide which one to go with. I think I prefer it at this point over the metal band.
  2. Some people actually like to talk through things on here.
  3. No, the PE is trying to hit a certain level of annual contracts to flip their whole package to the next level up PE. This one is way high side of what they have been paying, but they have all been at stupid multiples. They are consolidating operations so they are cutting overhead significantly, but it’s still crazy. It’s also the market that everyone is competing in, there is a lot of cash out there and each PE size in the market is trying to accumulate to flip to the next size up.
  4. There is no way I would spend money on a new appraisal if you already think you are high side. I’m. It sure what another number is going to add to the discussion. He set his side when he ordered an appraisal. If you’re more comfortable at the old number, then just take it. Otherwise, just average them. It sounds like keeping the peace is at least in the relative vicinity of importance as getting market value, so giving any reduction off the higher appraisal should be met with some appreciation. Why did they order the new one? Surely with the current market trends for land, timber, etc. they didn’t expect it to go down in value, so the issue is it just went up more than everyone expected?
  5. They also typically have ownership serving as part of the labor pool. Most professional service firms are shooting for 33% nets. Construction trades are up the last couple of years as well. Subs especially electrical are running in the 20%+ range, concrete guys are killing it, generals are up as well but not like subs, etc. It’s going to be hard to find a business to write a check for that pays the bills. Most, outside of retail type operations, are relying on industry relationships/experience and that’s typically what you are paying for. The best bet is generally to take something you are good at and start growing it. There also isn’t a lot for sale right now. I get information from all the regional brokers and they are all soliciting companies right now because they don’t have much. What is for sale that’s worth something is getting bought up by PE groups and stupid multiples. We’re working on a deal now for a pest control company that will end up trading at 3x gross sales and about 20x EBITDA.
  6. Story is not clear, it sounds like they want to buy you out. You had an old appraisal, they ordered a new one that came in 20% higher than the old one and you both are questioning it. Typically both sides are allowed to get appraisals, but it sounds like their appraisal is already higher than you thought it would be. Under that scenario it sounds like you can negotiate anywhere up to the new appraisal, you just need to decide where you are comfortable or just hold them to the appraisal.
  7. Bronco Raptor confirmed for 2022, should be interesting.
  8. Short list of coaches out there with the balls to make that call.
  9. That was an interesting opening to Season 3, anyone that hasn’t seen the first two seasons and randomly clicked on the show figured out really quickly where the show stands.
  10. Not a fan of the ozone system we have. It puts air bubbles into one of the returns so you have a constant stream of bubbles coming into the pool and the incessant noise that goes along with the air. We had UV on our old pool so if you went out at night after the pump cut back it was almost perfectly quiet outside. Now I have the sound of popping bubbles 24/7.
  11. Part of the reason I went understated on top of the fact I go understated in most everything. I am going to buy something that goes with the times I dress a little nicer, but right now I’m wearing shorts and a polo so it works perfect.
  12. Add me to that club as well.
  13. First official tax proposal is out with a plan to try and pass through simple majority budget reconciliation process after committee edits. It at least gives an idea of what they would like to do. https://www.bkd.com/alert-article/2021/09/house-ways-means-committee-proposes-tax-increases
  14. Throw a bag on each side of the engine and another in the bow and it will clean that wake right up and give him more than enough wake for a couple more years. Then you can wait on the inevitable market crash that has to be coming. I’m still amazed you have your 7 year old grabbing air like that. Shorten the rope and you’ll have him going wake to wake in no time.
  15. That’s awesome. That’s what makes it fun and he’s really hitting it for a 7 year old. What are you pulling him with?
  16. Then why keep coming back to the thread?
  17. Motherfucker. I went out to my shop tonight to move some trailers to start getting ready for winter and didn’t plan on pulling the boat out. One f-ing trailer wouldn’t quite fit where I needed it, so I decided to pull the boat out on to the pad to make room and never even thought about the fact I didn’t raise the door up all the way an hour before when I got there. Luckily the door gave way before the tower, so looks like it’s time for a new Bimini and at least three sections of garage door if not an entire new door since the tracks bent as well. Fuck me, just the bimini was $3500 and has a solid 5-6 uses on it.
  18. Everyone I’ve looked at is on Steelers, Panthers, and Washington. Think I need to bet the other side.
  19. I don’t have the hard guidance yet, but my understanding is that there are OSHA regulations that have already been through court that this will roll out under. Those regs have applied to employers with more than 100 employees. That is also why there is a testing alternative rather than a vaccine mandate.
  20. 1. It will be up to the DOL. My preliminary understanding is that it will be 100 total due to the regulations they are rolling it out under. Our HR attorney is just giving us general thoughts as of now 2. We operate in southern states where this is way too political. Several large employees have gone to mandatory vaccinations/testing and it has created a lot of turnover already. There are still 1000 questions that need to be answered, but we’re already seeing kick back from some employees. A lot will depend on whether work from home is excluded as we can go remote with at least a portion of our workforce. I’m not in an industry where I can train someone to flip burgers tomorrow and be back up and going which makes this challenging. Again, I have zero issue with the concept, I have an issue with the hard cutoff on employee numbers. I understand why it’s been done this way and the regulations they are trying to get it under, but it creates a problem for those it applies to while others get to use it as a selling point. There are 45k or so accounting firms in the country, there are less than roughly 300 that employee 100+ people. This whole thing is out of control at this point and something needs to be done to reel in infection rates especially in the states we operate in, but I would prefer a wholesale across the board approach.
  21. Get the shot, quit being a dumbass. Then we’re not in this situation.
  22. You remain a fucking idiot with no clue and absolutely zero reading comprehension. It’s not the workers rights that I have a problem with, it’s how to effectively administer this with multiple locations in multiple states full of people that think the government is the boogey man. I’m also one of the only ones in our locations that exceeds 100 people with very marketable skill sets, so those employees that don’t want to get vaccinated or tested can easily move on which creates a significant problem for us. The 100 employee cutoff creates a real divide line that puts my company at risk in the locations we operate in. I’ve already received several emails regarding employees threatening to quit if we follow the policy (which doesn’t even exist at this point) and again they can have a job tomorrow at a company that falls under the cutoff. So just to make it clear for your dumbass, these situations of selective enforcement create significant real world problems that some people on this board have to deal with. I have no problem with a vaccine mandate, required testing, whatever to get this shit under control, but when my company has to address it differently than the firm across the street it is going to cause me real world problems that suck.
  23. This shit is going to be no fun. Being an employer with over 100 employees (who happen to all have easily marketable skill sets) in a state that is full of people that lean a certain way politically is going to make whatever the DOL rolls out a whole bunch of fun for us. We already have employees getting stirred up tonight with zero idea what the DOL is actually going to roll out. They just know what their Facebook friends are telling them and they are already off in left field. Being a large employer in the current environment is about to the point of just plain sucking. The answer is so simple, yet people continue to ignore it.
  24. Out of reach is relative, where there is a will there is a way.
  25. I use a double uni on all my setups now. I kept having a problem with the FG slipping because I would overlay one of the twists or not get it cinched tight enough. The double uni takes me 30 seconds and it’s done. I don’t know about others, but I also retie at some point during the day if I’m fishing for a long period.
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