Member 34319
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Wonder how the stockholders and Board of Directors feel about the CEO flushing $5M down the crapper...
Soros or Bloomturd, I'm sure...Follow the money. You got to wonder what billionaire associate covered these "losses".
My thoughts as well. Perhaps a few letters to the IRS suggesting they conduct an audit to make sure these aren't claimed as some kind of loss?? I'm sure Dick's has lots of accountants, might as well give them something to do...Despite suggestions to the contrary, I'm thinkin there's no legitimate way to write that off on taxes claiming it as a "loss". Cost of doing business? Maybe. But I'm having a real hard time imagining some hard nosed IRS auditor saying "Oh, you voluntarily destroyed your inventory... no problem!" If I purposely run my company car into a tree and then claim it as a loss on my taxes, what would happen? We got any tax specialists here???
Despite suggestions to the contrary, I'm thinkin there's no legitimate way to write that off on taxes claiming it as a "loss". Cost of doing business? Maybe. But I'm having a real hard time imagining some hard nosed IRS auditor saying "Oh, you voluntarily destroyed your inventory... no problem!" If I purposely run my company car into a tree and then claim it as a loss on my taxes, what would happen? We got any tax specialists here???
The inventory was lost in a "boating accident".
Aloha, Mark
Yep, the USS DICK...Musta been a big danged boat!!!
This is exactly what i was thinking too. How did he convince the shareholders/stockholders to flush 5 million worth of inventory?
Yep, the USS DICK...
I tried to care just the tiniest bit about Dicks.
I tried hard. Even pulled a groin muscle.
I failed miserably.
I apologize.
Never been to Dicks, never going to Dicks, never going to care about Dicks
and unless ANOTHER thread about Dicks shows up, this must be the 50th one this week,
I won't even think about Dicks. If it's OK with everyone I'd like to keep it that way.
I hope that clarifies it for everyone.