11-04-2007, 09:38 AM
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Dee Tee Stables
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Join Date: May 2006
Location: The Natural State
Posts: 29,942
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Quote:
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Originally Posted by SentToStud
They lost $50 Million last quarter on revenue of $115 Million. How the F can you do that??? Put me in, coach.
Despite owning something like 2% of Magna's parent company shares, there is some kind of wacky "voting shares" deal there where he basically controls the Board. He recently brought in a Russian Mafia Oil Baron in to help run the company which is worth $10 Billion +.
Frankie takes down $50 Mil+ a year. He's a wiz at the auto parts business but has failed at racing as well as building a giant theme park, starting an airline and high end real estate development.
It doesn't look good for the upcoming meet.
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new math?? |