OT: “Bank of America sets cutoff for redeeming California IOUs”

[CA renter]

[quote=Allan from Fallbrook][quote=CA renter]Agree about the opportunities. Think about it, Allan. 🙂

Of course, if Dave is interested, we’d probably like to hear from him, too.

[/quote]

CA renter: If you’re serious, I’d be willing to talk about it. Unfortunately for me, the primary deterrent isn’t money or risk, it’s time.

My schedule, work-wise, sucks royally and I’d be concerned about not having adequate time to do this right. Meaning, I wouldn’t be able to properly perform due diligence and see if the various opportunities pencil.

I opined to someone recently that if you had about $10MM in ready cash, you could be a billionaire within the next 10 years and I didn’t say that idly. I think if you have the requisite smarts and are aggressive and not risk averse, you can make a killing out there and I don’t mean the stock market.

[/quote]

We could certainly all (or some of us) work together on this. I’d be willing to do my part! 🙂

[Allan from Fallbrook]

[quote=patientrenter]How much money under management do you think would make it worthwhile, Allan? Half-serious too…..[/quote]

PR: Good question, and one that I don’t have an answer to right off the top of my head.

I’ve been on the lookout to buy a California B class contractor and perhaps a specialty subcontractor in electrical (low voltage) and mechanical. I was stunned at the response when I put feelers out there; the number of contractors that are out there hurting is staggering.

That got me to thinking about the factoring business again. Many of these contractors have decent enough backlog and Accounts Receivable, it’s the cash flow that’s killing them right now, especially since the banks aren’t lending or extending lines of credit.

I’d have to think that the same holds true for a wide variety of small- and mid-market companies. The problem would be running down the opportunities and then performing the requisite DD. There are a ton of assets and companies available through BK proceedings right now, too.

I would think the investment pool would be driven by what is the best market or set of opportunities to pursue and then determine the best economies of scale to make significant profits.

[Allan from Fallbrook]

[quote=patientrenter]How much money under management do you think would make it worthwhile, Allan? Half-serious too…..[/quote]

PR: Good question, and one that I don’t have an answer to right off the top of my head.

I’ve been on the lookout to buy a California B class contractor and perhaps a specialty subcontractor in electrical (low voltage) and mechanical. I was stunned at the response when I put feelers out there; the number of contractors that are out there hurting is staggering.

That got me to thinking about the factoring business again. Many of these contractors have decent enough backlog and Accounts Receivable, it’s the cash flow that’s killing them right now, especially since the banks aren’t lending or extending lines of credit.

I’d have to think that the same holds true for a wide variety of small- and mid-market companies. The problem would be running down the opportunities and then performing the requisite DD. There are a ton of assets and companies available through BK proceedings right now, too.

I would think the investment pool would be driven by what is the best market or set of opportunities to pursue and then determine the best economies of scale to make significant profits.

[Allan from Fallbrook]

[quote=patientrenter]How much money under management do you think would make it worthwhile, Allan? Half-serious too…..[/quote]

PR: Good question, and one that I don’t have an answer to right off the top of my head.

I’ve been on the lookout to buy a California B class contractor and perhaps a specialty subcontractor in electrical (low voltage) and mechanical. I was stunned at the response when I put feelers out there; the number of contractors that are out there hurting is staggering.

That got me to thinking about the factoring business again. Many of these contractors have decent enough backlog and Accounts Receivable, it’s the cash flow that’s killing them right now, especially since the banks aren’t lending or extending lines of credit.

I’d have to think that the same holds true for a wide variety of small- and mid-market companies. The problem would be running down the opportunities and then performing the requisite DD. There are a ton of assets and companies available through BK proceedings right now, too.

I would think the investment pool would be driven by what is the best market or set of opportunities to pursue and then determine the best economies of scale to make significant profits.

[Allan from Fallbrook]

[quote=patientrenter]How much money under management do you think would make it worthwhile, Allan? Half-serious too…..[/quote]

PR: Good question, and one that I don’t have an answer to right off the top of my head.

I’ve been on the lookout to buy a California B class contractor and perhaps a specialty subcontractor in electrical (low voltage) and mechanical. I was stunned at the response when I put feelers out there; the number of contractors that are out there hurting is staggering.

That got me to thinking about the factoring business again. Many of these contractors have decent enough backlog and Accounts Receivable, it’s the cash flow that’s killing them right now, especially since the banks aren’t lending or extending lines of credit.

I’d have to think that the same holds true for a wide variety of small- and mid-market companies. The problem would be running down the opportunities and then performing the requisite DD. There are a ton of assets and companies available through BK proceedings right now, too.

I would think the investment pool would be driven by what is the best market or set of opportunities to pursue and then determine the best economies of scale to make significant profits.

[Allan from Fallbrook]

[quote=patientrenter]How much money under management do you think would make it worthwhile, Allan? Half-serious too…..[/quote]

PR: Good question, and one that I don’t have an answer to right off the top of my head.

I’ve been on the lookout to buy a California B class contractor and perhaps a specialty subcontractor in electrical (low voltage) and mechanical. I was stunned at the response when I put feelers out there; the number of contractors that are out there hurting is staggering.

That got me to thinking about the factoring business again. Many of these contractors have decent enough backlog and Accounts Receivable, it’s the cash flow that’s killing them right now, especially since the banks aren’t lending or extending lines of credit.

I’d have to think that the same holds true for a wide variety of small- and mid-market companies. The problem would be running down the opportunities and then performing the requisite DD. There are a ton of assets and companies available through BK proceedings right now, too.

I would think the investment pool would be driven by what is the best market or set of opportunities to pursue and then determine the best economies of scale to make significant profits.

[patientrenter]

Well, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.

[patientrenter]

Well, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.

[patientrenter]

Well, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.

[patientrenter]

Well, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.

[patientrenter]

Well, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.

[Coronita]

Dude, I’d be happy to commit some capital just to break even if it would mean I could learn some of the ropes in something completely different other than software software software. I’d be interested just to tag along to see how things work. Playing in commercial paper in a larger scale isn’t something that I would just try to “learn on my own”. Allan, if you are going to do this, and I’d be interested too.

[Coronita]

Dude, I’d be happy to commit some capital just to break even if it would mean I could learn some of the ropes in something completely different other than software software software. I’d be interested just to tag along to see how things work. Playing in commercial paper in a larger scale isn’t something that I would just try to “learn on my own”. Allan, if you are going to do this, and I’d be interested too.

[Coronita]

Dude, I’d be happy to commit some capital just to break even if it would mean I could learn some of the ropes in something completely different other than software software software. I’d be interested just to tag along to see how things work. Playing in commercial paper in a larger scale isn’t something that I would just try to “learn on my own”. Allan, if you are going to do this, and I’d be interested too.

[Coronita]

Dude, I’d be happy to commit some capital just to break even if it would mean I could learn some of the ropes in something completely different other than software software software. I’d be interested just to tag along to see how things work. Playing in commercial paper in a larger scale isn’t something that I would just try to “learn on my own”. Allan, if you are going to do this, and I’d be interested too.

[Author]

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