BRASSO Posted February 12, 2013 Share Posted February 12, 2013 The 7 don't need a seat at the voting table to be a part of whatever it is that brought DCI success in the past couple of years. The fact is that they weren't at the table, and DCI turned a nice profit. What does that say? It could mean that its probably an " urban myth " that the best organizational and financial minds in DCI rest solely among the G7 organizations, instead of among " the developmental corps ". 1 Quote Link to comment Share on other sites More sharing options...
soccerguy315 Posted February 12, 2013 Share Posted February 12, 2013 thanks for those charts... they help a lot Quote Link to comment Share on other sites More sharing options...
garfield Posted February 13, 2013 Author Share Posted February 13, 2013 It could mean that its probably an " urban myth " that the best organizational and financial minds in DCI rest solely among the G7 organizations, instead of among " the developmental corps ". Oh, I think it's absolutely factual that it's an urban myth. Whether you're looking at numbers or circles, the truth is much different (at least as of 2011). Quote Link to comment Share on other sites More sharing options...
garfield Posted February 13, 2013 Author Share Posted February 13, 2013 Neither accounts receivable nor inventories for sale are part of liquid assets - unless the definition used in the 990s thread differs from this: http://www.investope...p#axzz2KjGfQpld One of my complaints with the Quick Ratio is that it doesn't define the maturity of bonds as "liquid". Liquidity means "quickly converted" but it doesn't define at what price. Anyone who owned fixed income during the 2008 meltdown knows that bonds, as a group, may be liquid but the price they get can be substantially less than "face value". Still, your analyis is enlightening to many, and well worth the effort. Quote Link to comment Share on other sites More sharing options...
mjm207 Posted February 13, 2013 Share Posted February 13, 2013 Setting aside YEA is the most diversified organization, Blue Devils and SCV stand out with the size of their revenue streams. Given that a lot of their revenue is bingo, my question is--are they at risk of a Gmen-like collapse in bingo earnings? And if so, what are they doing to hedge that risk? I guess the question here is, why did Gmen's bingo earnings collapse? I assume this was discussed some in the other thread, though I missed it. Too much competition from local casinos? What's the casino picture in California? And if bingo *is* a healthy revenue stream in California, are Mandarins and Pacific Crest hooked in? Can DCI or other corps set up California bingo operations elsewhere in the state, or are BD and SCV just lucky enough to have ownership of long-standing operations that would be impossible to duplicate anew? Glassmen's bingo revenue tanked because Ohio lifted a ban on gambling and a new casino opened up in Toledo. I really hope they find a new, sustainable way to make money. Quote Link to comment Share on other sites More sharing options...
jjeffeory Posted February 13, 2013 Share Posted February 13, 2013 Glassmen's bingo revenue tanked because Ohio lifted a ban on gambling and a new casino opened up in Toledo. I really hope they find a new, sustainable way to make money. I don't understand why corps don't try Bingo in places where they could be successful. Corps hold camps in several locations, why not co-locate so that they may get better bingo revenue? Of course I don't know the Bingo rules, so there's that... Quote Link to comment Share on other sites More sharing options...
troopers1 Posted February 13, 2013 Share Posted February 13, 2013 One of my complaints with the Quick Ratio is that it doesn't define the maturity of bonds as "liquid". Liquidity means "quickly converted" but it doesn't define at what price. Anyone who owned fixed income during the 2008 meltdown knows that bonds, as a group, may be liquid but the price they get can be substantially less than "face value". Still, your analyis is enlightening to many, and well worth the effort. Luckily (?) for this analysis, most corps probably aren't carrying lots of bonds. But you are right, the value of any "near-cash" holding is somewhat subjective. During the recent crisis, if you held corporate bonds you got murdered unless you just held them for the interest payments. If you held US bonds you did well. Collateralized obligations were a disaster, but they probably should not have been deemed in the same class a bonds, anyway. Quote Link to comment Share on other sites More sharing options...
SkyRyder_FMM Posted February 13, 2013 Share Posted February 13, 2013 I don't understand why corps don't try Bingo in places where they could be successful. Corps hold camps in several locations, why not co-locate so that they may get better bingo revenue? Of course I don't know the Bingo rules, so there's that... Operating in various locations is one thing. Running charitable gaming is another. You must obtain alicense to operate charitable gaming, and it is almost impossible to obtain a license to operate charitable gaming in a state where you do not reside. Quote Link to comment Share on other sites More sharing options...
garfield Posted April 18, 2013 Author Share Posted April 18, 2013 BUMP so we'll have a place for discussion, if any, of the 2011 updates to four corps: BD, Bluecoats, Academy, and Mandarins. BD is now done (follow the index in post #1 of the 990 thread and look for the RED 2011 updates in each post). I'll start 'Coats tomorrow (or sometime soon). 1 Quote Link to comment Share on other sites More sharing options...
NYCFan Posted April 21, 2013 Share Posted April 21, 2013 Thank you for these charts, and this Thread. I wonder if it can become a kind of reverse-method incentive for making donations to corps? i.e.: Let folks see the data, and realize that they should be contributing to the "red" corps, to lift them up to "green", if they want the activity to survive? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.