[lbo-talk] sketching an "anti-economist"

Doug Henwood dhenwood at panix.com
Tue Aug 21 13:24:34 PDT 2007


On Aug 21, 2007, at 4:16 PM, Jordan Hayes wrote:


> So for a $10M/yr business, having a < 10% deficit sounds pretty good.
> They are a survivor: yes, they've accumulated nearly $100M of losses,
> but if they are down to < $1M/year, they can hang around for quite
> some
> time.

I don't get why they just can't edge into the black if it's not that far. Is it because Hambrecht keeps writing them checks?

Doug



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