Re: sketching an “anti-economist”
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