Cash On Hand

ScottF · 03-10-2014, 08:56 PM

Originally Posted by TheOak

None of which means he has $15m in cash around. See all the places where it says payment(s)?

Benson is an investor. It is very foolish to have $15m sitting in a checking or savings account earning 1%.

In the last 3-4 years he has written $50m in checks to just Brees and Evans.

yes, and after he wrote the checks he still had $31,000,000 in profit each year

TheOak · 03-10-2014, 09:04 PM

Originally Posted by ScottF

yes, and after he wrote the checks he still had $31,000,000 in profit each year

Which still means absolutely zero in in terms of cash on hand. Profit doesn't automatically go into a mattress. Generally it gets rolled over into something else. Perhaps another car dealership, charity, motel... Even the filthy rich don't just let the ledger on the check book register roll up to $15m.

03-10-2014, 08:56 PM	#1
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Cash On Hand Originally Posted by TheOak None of which means he has $15m in cash around. See all the places where it says payment(s)? Benson is an investor. It is very foolish to have $15m sitting in a checking or savings account earning 1%. In the last 3-4 years he has written $50m in checks to just Brees and Evans. yes, and after he wrote the checks he still had $31,000,000 in profit each year

03-10-2014, 09:04 PM	#2
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,050	Re: Cash On Hand Originally Posted by ScottF yes, and after he wrote the checks he still had $31,000,000 in profit each year Which still means absolutely zero in in terms of cash on hand. Profit doesn't automatically go into a mattress. Generally it gets rolled over into something else. Perhaps another car dealership, charity, motel... Even the filthy rich don't just let the ledger on the check book register roll up to $15m.

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