Quote:
Originally Posted by Biggy2
If only it were that simple. I am sure on some of their joins it may be like that, but I doubt every single join they get costs them $100 per member, after all they are an insane brand with an insane member base - surely some people just remember who they are and signup to buy with an acquisition cost of $0. Also, in their last quarterly they actively discussed dropping media buys that were non-performing...
You all underestimate Marc Bell. The truth is, there's a reason he has millions and you are on GFY applying the assumption of one rudimentary statement or application you read to his whole business model as if this is 100% truth in reality.
I was doing some research for fun last night. As recently as Sept 14, Marc has actually been a buyer in his own stock of FFN at $2.75. Granted it was only 10,000 shares. What I found really interesting is him and soem of the other FFN guys are involved heavily in a REIT called ARR ( http://finance.yahoo.com/q?s=arr). This thing pays off a monthly dividend that yields 19-20% !!! Considering the gov't has just stated interest rates will remain low for quite some time, I'd say that might be a pretty interesting and quality buy to a shareholder, although I do need to look at it some more. |
If you read their last two quarterly reports you would see that their pure operating costs (not lawsuits or one time costs) they are still going negative (revenue-expenses). You can't say "with out their debt" with out their debt, penthouse would have already gone bankrupt. The debt is what got them the revenue (AFF & Cams). And while they paid off a little of the debt, it would take them several years, if ever to pay it all down at this pace... Most of it comes due this year anyway. They also have more pending legal problems that they can not afford and future very large payments to make for a settlement they just made. Bankruptcy is the only thing in their future.
Marc Bell might not be an idiot, as much as I think he is and don't like the guy. But he did a terrible job with running ibill (at least for us customers). They ran ibill into the ground and you right the "insiders" do make off like bandits because I bet anything that Marc Bell and company still made out well from ibill where as the rest of us got fucked. I wouldn't be surprised to see more of the same from them from FFN. You right about one thing those sharks have a skill I do not have that allows them to run and pillage corporations, do back door deals, have money *magically* disappear. If it's an art at screwing people to line their own pockets then he is a Picasso... but I still think he is an idiot ;)
Quote:
Originally Posted by Dark_Jedi
why is Will76 so butthurt?
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Why it's not allowed to dislike a company around here. How odd. I didn't realize it was all love and peace and harmony and I was just the odd ball hater against Penthouse and AFF and their standup history.
Quote:
Originally Posted by qwe
let's take a look wills ifriends http://www.ripoffreport.com/Search/ifriends.aspx ... it has 415 reports files vs 93 for aff.... those fuckers at ifriends still own me five figure check from back in a day when they terminated a ton of affiliates for no reason... |
Please inform ifriends that they are mine. I am not receiving my profit sharing checks
