I wish travis was still here, I remember when his sale came out, apparently bad chucks too, there was some dissent. But his advise back yonder, I took to the bosses and got laughed at. But he showed up at wispamerica a few years ago with the same advice and it became a company plan. It always amazes me in business when a guy says something out of the norm and is dismissed as a zealot, until he has some millions, then his zealotry is golden
But then again, IIRC his advice came via dslreports back then, so that's an awful large grain of salt. On Sat, Aug 22, 2020, 11:02 AM Ken Hohhof <af...@kwisp.com> wrote: > What ever happened to Travis Johnson? Is he a big real estate tycoon now? > > > > For that matter, what ever happened to Doug Clark? > > > > It doesn’t seem the same without our optimist and pessimist bookends. OK, > that’s an oversimplification, but they were both unique personalities. > > > > > > *From:* AF <af-boun...@af.afmug.com> *On Behalf Of *ch...@wbmfg.com > *Sent:* Saturday, August 22, 2020 10:36 AM > *To:* AnimalFarm Microwave Users Group <af@af.afmug.com> > *Subject:* Re: [AFMUG] Buying and selling ISP’s > > > > I sold to JAB. Got $9.5M for 6000 customers as I recall. Travis, > Sterling and I all sold about the same time to them. > > > > Once debt was settled enough so that the remaining fiber portion of the > company could continue as a solvent company, we split it amongst the > shareholders. The two primary shareholders got a good chunk. > > > > Then one of the shareholders' wives got greed and years of lawsuits > against all the other shareholders ensued... > > > > So there’s that. (And huge capital gains bite). > > > > *From:* Matt Hoppes > > *Sent:* Saturday, August 22, 2020 9:03 AM > > *To:* AnimalFarm Microwave Users Group > > *Subject:* Re: [AFMUG] Buying and selling ISP’s > > > > If someone offered me enough I might sell. > > > > But it needs to be enough to be worth my while to walk away from: > > > > A) a job I enjoy most days > > B) walking away from recurring revenue for the next 10 years > > C) enough to distribute to my employees who have helped build the company > to what it is today. > > > > I’m not going to just take money and say “see what suckers!” > > > > Most of them work as hard or harder than I do. They’re getting a chunk of > any sale that happens. > > > > On Aug 22, 2020, at 10:56 AM, Ken Hohhof <af...@kwisp.com> wrote: > > > > What stopped me from selling several years ago was the tax consequences. > Uncle Sam was going to get almost as much as I was. > > > > It’s possible that hiring a good tax advisor in advance could improve this > situation. Also if you’re thinking about buying or selling, it would > probably make sense to look at current taxation of capital gains and any > associated tax dodges, and how that might change in various post-election > scenarios. > > > > Generally I’ve only been interested in cash deals. I remember when Keyon > wanted to buy me out with stock, and claimed that Keyon stock was “better > than cash” because it would increase in value. Next thing I heard, they > were in bankruptcy. But I have heard of merger-like acquisitions where the > seller gets stock and even an executive position in the acquiring company. > For some people, that might be a better situation, both from the standpoint > of a continuing income, and how much Uncle Sam grabs. Not sure if there > would be a capital gain if you get paid in stock, and what the cost basis > would be for that stock down the road if you sell it. > > > > > > *From:* AF <af-boun...@af.afmug.com> *On Behalf Of *Steve Jones > *Sent:* Saturday, August 22, 2020 9:21 AM > *To:* AnimalFarm Microwave Users Group <af@af.afmug.com> > *Subject:* Re: [AFMUG] Buying and selling ISP’s > > > > The boss wants to find some around here for sale, but jab/rise kind of > cleaned out the shelves. It seems the last few standing either did merger's > or are just standing on pure spite and irritation like us and wouldnt sell > if their teeth were getting pulled out. > > > > On Sat, Aug 22, 2020, 9:16 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 <http://www.ics-il.com/> > <https://www.facebook.com/ICSIL> > <https://plus.google.com/+IntelligentComputingSolutionsDeKalb> > <https://www.linkedin.com/company/intelligent-computing-solutions> > <https://twitter.com/ICSIL> > Midwest Internet Exchange <http://www.midwest-ix.com/> > <https://www.facebook.com/mdwestix> > <https://www.linkedin.com/company/midwest-internet-exchange> > <https://twitter.com/mdwestix> > The Brothers WISP <http://www.thebrotherswisp.com/> > <https://www.facebook.com/thebrotherswisp> > > > <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg> > ------------------------------ > > *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 >
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