Because the IRS likes to tax that. I’d rather spend the vaults on the network and my employees than keep it in the vault.
That said - we do have a small war chest. > On Aug 24, 2020, at 10:04 PM, Mike Hammett <af...@ics-il.net> wrote: > > > I've often wondered how WISPs without competitors don't have Scrooge McDuck > vaults full of money. > > The last time I counted, my network touched over 20 other fixed wireless > service providers of one kind or another. > > > > ----- > Mike Hammett > Intelligent Computing Solutions > > Midwest Internet Exchange > > The Brothers WISP > > > > > From: "Matt Hoppes" <mattli...@rivervalleyinternet.net> > To: "AnimalFarm Microwave Users Group" <af@af.afmug.com> > Sent: Monday, August 24, 2020 8:05:04 PM > Subject: Re: [AFMUG] Buying and selling ISP’s > > I’ve often thought if a competitor ever came into town - I won’t give up. > > That’s surrender. No, I’ll go to war. It’s invasion of my territory. May the > best man win. > > If need be I’ll offer free plans for the first year and free installs. > > I had a competitor come in once, 35 million USDA grant. Guns were blazing. > Made threats about they had enough money to advertise us out of business. > > They are now bankrupt and not even a thought. > > On Aug 24, 2020, at 8:54 PM, Dave <dmilho...@wletc.com> wrote: > > > Fight the Dying of the light .. Dont go out without a fight.. > > All I gotta say is they may take away our spectrum and slap us with more > reporting and more fees but Bring dat shiz > > We got this.. All said and done who can outlast the brute fist of the Gorilla. > > Ill get off my soap box now ... you cant stop the tanker in me LOL! > > > > On 8/23/2020 11:17 AM, Jeff Broadwick - Lists wrote: > I have a couple theories about the selling market: > > 1. There’s never been more cash floating around our industry. It provides > options. There is also a good chance that smaller WISPs are about to be over > built with government money...another strong inducement to make your best > deal. > > 2. As an industry, we are about 20 years old. If you started the business > in your 40s or 50s, you might be easy to retire. If you started it younger, > you might be ready to cash out and go do something else. > > Jeff Broadwick > CTIconnect > 312-205-2519 Office > 574-220-7826 Cell > jbroadw...@cticonnect.com > > On Aug 23, 2020, at 11:54 AM, Ken Hohhof <af...@kwisp.com> wrote: > > > I seem to remember this thread started with a post about buying, but there > seems to be a lot of interest in selling. I wonder why. > > Is it because customers are getting on our nerves? I know they’re getting on > mine. Everyone is stuck in their house doing everything on the Internet and > whining about it and waiting until the last minute and then needing stuff > right now this minute because we’re > streaming/gaming/Zooming/eLearning/teleworking here. Plus doing construction > on our house and the contractors are here right now taking your dish off the > roof or putting siding nails through your cable. Or they’re buying/selling > houses because interest rates are like zero or to move away from the virus or > to a different school district. > > > From: AF <af-boun...@af.afmug.com> On Behalf Of Mike Hammett > Sent: Sunday, August 23, 2020 10:05 AM > To: AnimalFarm Microwave Users Group <af@af.afmug.com> > Subject: Re: [AFMUG] Buying and selling ISP’s > > I know it *CAN* be anything. > > I'm asking what it is for successful, arms-length, nothing special > transactions. I do expect there to be a range. > > > > ----- > Mike Hammett > Intelligent Computing Solutions > > Midwest Internet Exchange > > The Brothers WISP > > > > From: "Chuck McCown" <ch...@wbmfg.com> > To: "AnimalFarm Microwave Users Group" <af@af.afmug.com> > Sent: Saturday, August 22, 2020 10:28:58 PM > Subject: Re: [AFMUG] Buying and selling ISP’s > > That can be anything. There is no connection between revenue and earnings. > You can have $2M in revenue but -$5M in income if you burned cash to > generate sales. > > Sent from my iPhone > > On Aug 22, 2020, at 7:35 PM, Mike Hammett <af...@ics-il.net> wrote: > > > Right, but what I'm asking is that if 5x EDIBTA = Y, then what was Y / annual > revenue? > > > > ----- > Mike Hammett > Intelligent Computing Solutions > > Midwest Internet Exchange > > The Brothers WISP > > > > From: "Chuck McCown" <ch...@wbmfg.com> > To: "AnimalFarm Microwave Users Group" <af@af.afmug.com> > Sent: Saturday, August 22, 2020 10:01:44 AM > Subject: Re: [AFMUG] Buying and selling ISP’s > > Whatever 5x your earnings are. Not sales or revenue or gross profit but > bottom line earnings on your income statement/ pl. Your taxable income. > > Sent from my iPhone > > On Aug 22, 2020, at 8:16 AM, Mike Hammett <af...@ics-il.net> wrote: > > > What does the revenue multiplier end up being, though? > > 5x EBIDTA / revenue gets you what, in purchases that have been made? > > > > ----- > Mike Hammett > Intelligent Computing Solutions > > Midwest Internet Exchange > > The Brothers WISP > > > > From: "Chuck McCown" <ch...@wbmfg.com> > To: "AnimalFarm Microwave Users Group" <af@af.afmug.com> > Sent: Friday, August 21, 2020 8:20:47 PM > Subject: Re: [AFMUG] Buying and selling ISP’s > > 5 x ebidta > Revenue multiples are of no value. > > Sent from my iPhone > > On Aug 21, 2020, at 5:30 PM, cjwstudios <cjwstud...@gmail.com> wrote: > > > 1x annual revenue and hope the customers stay on > > On Fri, Aug 21, 2020 at 5:43 PM Matt Hoppes > <mattli...@rivervalleyinternet.net> wrote: > This is the issue I’ve always had when I’ve looked at buying an ISP. It > always seems like a lot more money I would have to put out to buy then I > could just build and take the customers if something is wrong with the > current network. > > > > > On Aug 21, 2020, at 12:43 PM, Seth Mattinen <se...@rollernet.us> wrote: > > > > > > On 8/20/20 8:13 PM, Steve Jones wrote: > > >> I think you either buy or sell, isp isnt really a flip thing > > > > > > > > > There is/was someone in my part of the country buying up ISPs and trying to > > package them all together as a flip. My ISP customers tell me it's far > > easier to get the flipper's customers to cancel and switch than buy their > > company. > > > > > > -- > > > AF mailing list > > > AF@af.afmug.com > > > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > -- > > AF mailing list > > AF@af.afmug.com > > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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