Thread: Stijn!!
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RKDinOKC
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The Stick
 
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Join Date: Dec 2007
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Hey, I can read with my left eye if the lettering is 1 inch tall, and 5 inches in front of my face.

Interesting, at this months employee meeting they announced next years projections and plans.
We basically broke even for this year, which is pretty good considering the industry downturn.
Conservatively projecting a 6M profit next year.

Undoing the wage freeze in January and reinstating half the 401K matching, 50% up to 3%, and in 6 months 100% up to 6%.

They are borrowing 7M to invest in an automated chip processing system (the metal chips from manufacturing). The interest will be 5% and the return is currently estimated at 18% at our current manufacturing load. The profitability will increase as the manufacturing increases. It will be the first time the company has borrowed money since the founder borrowed $20K from his Dad to buy his partner out in 1950. He told me the reason he bought his partner out is because the partner wanted to waste money by having embossed letterhead instead of just printed.
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06 Cayenne S Titanium Edition

Last edited by RKDinOKC; 12-22-2016 at 07:23 AM..
Old 12-22-2016, 07:04 AM
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