Quote:
Originally Posted by ITD
Let's do a little math........ it is said that MB did about $3 billion in sales per year, that's $3,000,000,000.00. Let's assume that they do the same sales every week all year long to make the math easy, so $3 billion divided by 52 is about $57 million per week. Market basket has been shut down for about six weeks, but let's call it five weeks. That's about $288 million lost revenues. Ouch .
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Impressive #'s. Investors must be coming out of the woodwork to back Arthur T. According to the Boston Globe one investor is in for $500 million. Sale price 1.64 billion. He's promising not to raise prices. No doubt he will get the financial support. I'm glad to say I called this one wrong.