Magna Death Watch

[Spectacular Sid]

With shares now below a buck and a market cap of barely over $100 million, is it time to begin making funeral arrangements for Magna Entertainment? Its stock price is down 79% over the last year, it's mired in hundreds of millions of dollars of debt, and is without a CEO--unless you count company founder and chairman Frank Stronach. (When I bought Magna stock for $4/share, I thought it couldn't get any worse, but it has.)

Yet Stronach seems to be spending more time and energy promoting all-night yodeling with his energy drink. Maybe it's good for him (we've all heard the stories of his personal prowess and many conquests with attractive waitresses that he likes to bring back to his private jet), but it would be nice to have some of that energy directed to salvaging a company that holds the cards for racing's two biggest wintertime meetings at Gulfstream Park and Santa Anita. Neither place has the buzz it had just a few years ago (even though he does have a good staff in place at Santa Anita), and the effect is to bring the entire industry down.

Frank can't be ousted, since he controls the company through its terrible structure assigning voting rights to a certain class of stock.

Any suggestions about what can be done to influence this egotistical loser? It's painful to watch this terminal situation involving two once-great racetracks.

[onefast99]

Once GP is completely finished, including the condos ,shopping and new seating areas for the patrons, I strongly believe they will be fine. Biggest problem is filling the race card as many of the races that are being put together by the racing secretary are the low level claimers asnd it seems 6 or 7 go to post. Maybe going to a Friday thru Monday racing schedule would give us a better racing card!

[Spectacular Sid]

Biggest problem is filling the race card as many of the races that are being put together by the racing secretary are the low level claimers asnd it seems 6 or 7 go to post. Maybe going to a Friday thru Monday racing schedule would give us a better racing card!

As Frank has said, "If you've got a problem and you don't know you've got a problem, then you've really got a problem." If you think Magna's biggest concern right now is six-horse fields of cheap claimers, I think you've got a problem.

[onefast99]

As Frank has said, "If you've got a problem and you don't know you've got a problem, then you've really got a problem." If you think Magna's biggest concern right now is six-horse fields of cheap claimers, I think you've got a problem.
Thats why Frank leaves the racing to the racing secretary! But if you do a little homework you will see since the track re-modeled they are having problems getting better races in during the week so they fill them with lower level claimers. If you are bitter over losing money on a stock then take it to yahoo finance. Thanks!

[Mag]

(When I bought Magna stock for $4/share, I thought it couldn't get any worse, but it has.)

Sorry for your loss.

[Spectacular Sid]

I went to the gulfstreampark.com web site to see who the new racing secretary is (since I recall Frank firing the previous several), and discovered that the web site doesn't exist. what's up with that?

and thanks for the concern over my financial setback via magna stock...it was no worse than a bad day at the track since I made the investment more as a curiosity than as a serious buy. A hundred shares gets me an annual report, which in itself is quite an entertaining read. But for the serious investors out there who believed Frank's b.s., they did get taken for a bad ride.

[onefast99]

www.gulfstreampark.com (http://www.gulfstreampark.com) lots of interesting stuff to read about. The new RS is formerly from Thistledowns.

[onefast99]

There is a problem today with the website! Maybe you got your wish!!!!:rolleyes:

[wegoosewe]

Doesnt all tracks do that during the middle of the week. even the lowest class tracks do that. suffolk downs is an example i can give because its my local track. weekends they will run claiming race prices of 10thousand to 20thousand. during the week your lucky if you get a 10.



Once GP is completely finished, including the condos ,shopping and new seating areas for the patrons, I strongly believe they will be fine. Biggest problem is filling the race card as many of the races that are being put together by the racing secretary are the low level claimers asnd it seems 6 or 7 go to post. Maybe going to a Friday thru Monday racing schedule would give us a better racing card!

[Spectacular Sid]

The new RS is formerly from Thistledowns.

Oh, Thistledowns is where he got his new racing secretary. That might explain why there are so many races for cheap claimers. Another brilliant Magna move!

[onefast99]

Doesnt all tracks do that during the middle of the week. even the lowest class tracks do that. suffolk downs is an example i can give because its my local track. weekends they will run claiming race prices of 10thousand to 20thousand. during the week your lucky if you get a 10.
Yes but the fact that everyone ships to the GP meet from the northeast gives GP a lot of quality horses to choose from when putting together the race card. Many of the better horses just have to wait for their races to go and sometimes the ae list is pretty long. Maybe its only the first 3-4 weeks that this occurs but I do remember a race last February where we were on the ae list and it took 30 days for that race to come back.

[kenwoodallpromos]

With Dixon Downs and SA on a potential landmarks lists, in those two areas local people put him in his place stopping land development.

[MAGICHORSEMAN]

I know one year Frank paid himself $35 million and probably other years also.

Another year he hired his nephew for a management position and his nephew worked 2 months and left the company. Magna gave him a 1 million severance package.

I see nothing wrong with how this company is run.

[onefast99]

With Dixon Downs and SA on a potential landmarks lists, in those two areas local people put him in his place stopping land development.
Florida seems to be the place to go to develop land as the state relishes the idea of more development.

[cj]

Apparently, they can't even pay for their domain name on the net these days:

http://www.gulfstreampark.com

[kenwoodallpromos]

Apparently, they can't even pay for their domain name on the net these days:

http://www.gulfstreampark.com
Name Available?

[njcurveball]

Apparently, they can't even pay for their domain name on the net these days:

http://www.gulfstreampark.com (http://www.gulfstreampark.com)


Server crash?

[dylbert]

Should we take up collection here and buy gulfstreampark.com URL? Hilarious as seems -- but did GP forget to keep their domain name registered? :sleeping:

Asleep at the Wheel is new Magna corporate motto!

[rrbauer]

Fractional hosting. It's all the new rage. Only have your website hosted on days when you have action. :lol: :lol:

[CryingForTheHorses]

Oh, Thistledowns is where he got his new racing secretary. That might explain why there are so many races for cheap claimers. Another brilliant Magna move!

For a guy with only 26 posts you sure are a "kick em when their down" guy!!.I dont think you are being fair judging from this post.The majorty of races are claimers and I myself havent saw too many short field,Granted there is a couple of 6 horse fields.Horses come from all over the USA to race at GP.Its very easy to knock someone.I have read many posts over the last couple of years about people not liking this or that,The fact is Magna has tried to please you making a lot of changes at GP.Geeze Im there almost everyday and never have a problem watching a race.I dont need a boxseat and I dont mind standing,I find it hard to sit in a chair and cheer.The bottom line is I dont think "Frank" could ever please any of you no matter what he did.He could heed to everybodies beck and call and there would always be a disgrunted person.I also think many of you havent even given GP a fair chance.
Frank and his company may be losing money but Im still running against the likes Of Pletcher and the boys...Nuff said

[JustRalph]

Yet Stronach seems to be spending more time and energy promoting all-night yodeling with his energy drink. Maybe it's good for him (we've all heard the stories of his personal prowess and many conquests with attractive waitresses that he likes to bring back to his private jet),


I understand that you are pissed about the stock purchase. But this was a little out of bounds for a public board..............

[Spectacular Sid]

More jealous than POed about the waitresses. But I wish he'd focuses a little more on his failing company.

[mountainman]

With shares now below a buck and a market cap of barely over $100 million, is it time to begin making funeral arrangements for Magna Entertainment? Its stock price is down 79% over the last year, it's mired in hundreds of millions of dollars of debt, and is without a CEO--unless you count company founder and chairman Frank Stronach. (When I bought Magna stock for $4/share, I thought it couldn't get any worse, but it has.)

Yet Stronach seems to be spending more time and energy promoting all-night yodeling with his energy drink. Maybe it's good for him (we've all heard the stories of his personal prowess and many conquests with attractive waitresses that he likes to bring back to his private jet), but it would be nice to have some of that energy directed to salvaging a company that holds the cards for racing's two biggest wintertime meetings at Gulfstream Park and Santa Anita. Neither place has the buzz it had just a few years ago (even though he does have a good staff in place at Santa Anita), and the effect is to bring the entire industry down.

Frank can't be ousted, since he controls the company through its terrible structure assigning voting rights to a certain class of stock.

Any suggestions about what can be done to influence this egotistical loser? It's painful to watch this terminal situation involving two once-great racetracks.

Never imagined that Lorne Greene was so smart about magna.

[Spectacular Sid]

Never imagined that Lorne Greene was so smart about magna.

In Bonanza, Lorne Greene had a son named "Hoss" who looked like a rocket scientist in brainpower compared with Frank's son Andy.

But my Avatar isn't Lorne Greene, it's another great American.

[onefast99]

The small fields are primarily claiming and maiden events, on January 11th R3 and R6 had 7 go on January 12th R3 and R4 had 7 go to post, on January 13th R6 and R9 had 7 go to post and the worst day was January 14th R1(7),R2(6),R3(4),R4(6) and race 5 had seven. Some were affected due to the cancellation of the turf races which is a fan favorite at GP. For those of you that have not been to the new track I would recommend you go there it is a very nice place or stay up north and enjoy the grey days at Aqueduct!:ThmbUp:

[TEJAS KIDD]

In Bonanza, Lorne Greene had a son named "Hoss" who looked like a rocket scientist in brainpower compared with Frank's son Andy.

But my Avatar isn't Lorne Greene, it's another great American.


Looks like Albert FInney.
But could he be HOWARD BEALE "I'm Mad As Hell And I'm Not Going To Take It Anymore" played by Peter Finch??

[Spectacular Sid]

Jailed ex-Congressman James Traficant Jr. of Ohio.

[JustRalph]

I recognized the Avatar the other day.......one question, why him?

[mountainman]

Loved Bonanza as a kid. My little pal Paul Major's family had the only color tv on the block and we made it a ritual to watch. Until the time my older sister brought home a "Tattler" that had a bleery eyed Lorne Greene on the cover doing the jerk for all he was worth with some chick who looked about 18. The caption read "Who's the swingingest papa in town?" Paul didn't seem to care, but, for me, Bonanza was never quite the same. I think I was 8 or 9.

[Spectacular Sid]

I recognized the Avatar the other day.......one question, why him?

He was for the common man....and is an inspiration to us baldies.

[TEJAS KIDD]

“Shanekite and Sandy Hawley have this one in the bag.” :blush: As Trevor Denman learned, never, ever say YOU GOT IT until the horses have crossed the finish.

Obviously, Trevor hasn't learned his lesson
DMR SEPT 3rd RACE 6

[kenwoodallpromos]

My post was specific in response to this:
"Any suggestions about what can be done to influence this egotistical loser? It's painful to watch this terminal situation involving two once-great racetracks."
I was pointing out that locals influenced the local governments, not to build a track at Dixon Downs and not to alter the track at Santa Anita. Personally I would have liked to seen a new track at Dixon and Magna-owned GGF replaced with urban projects.
I understand the long-time bettors wanting their own ideas of change and not others, and Stronach wanting his; what I do not really understand is the general public who never goes to the tracks wanting preserve the old ones like SA and BM!

[rrpic6]

Never imagined that Lorne Greene was so smart about magna.

That's my ex-congressman Jim Traficant! Set Jimbo Free. America's Political Prisoner.

RR

[Spectacular Sid]

Obviously, Trevor hasn't learned his lesson
DMR SEPT 3rd RACE 6

Ouch! "Gonna just hold on." I don't think so. Oh, well, blame Polytrack. In the case of Shanekite and Kangroo Court, Sandy Hawley actually blamed Trevor for losing the race.

[bigmack]

Lorne Green, Albert Finney or Howard Beale? :lol:

How could you ruffians not know the flamboyant Jimmy T?
http://www.youtube.com/watch?v=KVUrYCcmRy4

[northerndancer]

Boy is this thread off topic.......

Sid what does Frank's son Andy have to do with MEC Death Watch didn't McAlpine force the son out back in 2001 or something.......

[Spectacular Sid]

From what I understand son Andy Stronach is back in Frank's good graces. Andy, of course, came up with the brilliant idea of having bikini clad hotwalkers in the walking ring before a race. He had some other harebrained scheme involving scantily dressed women giving hot tips to bettors. In fact, most of his ideas seemed to involved young women wearing very little clothes.

A chip off the old block perhaps.

And Jimmy Mac(alpine) has been in and out of the inner circle so many times he must be dizzy by now. I haven't checked this week to see if he's in or out.

The only good news recently is that Ron Charles was named chief operating officer. Charles is a smart guy, a player and an owner in California, who knows what he is doing. What remains to be seen is whether or not he has the testicles to tell Frank that he's wrong when he's wrong. I hope he does.

[northerndancer]

Sid sounds like you have your fingers on the pulse at MEC....... is that from past experiences?

[Spectacular Sid]

Sid sounds like you have your fingers on the pulse at MEC....... is that from past experiences?

Only as an extremely small shareholder and someone who loves racing at Santa Anita and Gulfstream Park...not as an employee or former employee of Magna or the Stronachs.

[karlskorner]

As I walk into Gulfstream Park every day there is live racing I am still awed by the magnificent building Mr. Stronach put up for my personal use. Had lunch yestereday at Christine Lee's, a 5 star resturant at a race track, never heard of it. Rest Rooms that belong in the finest hotels, leather arm chiars and a table to put my notebook on and watch races in the AC simulcasting areas, great seats in the paddock area to check the animals I am interested in, a short walk to trackside to watch the race, excellent food on the 1st floor for those not wishing to dine in style. Truely I am in the land of milk and honey.

To quote from a recent article by Jay Cronley "I won and nobody cares. The problem with home wagering can be the SILENCE"

[bigmack]

As I walk into Gulfstream Park every day there is live racing I am still awed by the magnificent building Mr. Stronach put up for my personal use. Had lunch yestereday at Christine Lee's, a 5 star resturant at a race track, never heard of it.
Put the commercial to rest K2, they've already canned a promo vid:
http://www.casinoatgulfstream.com/content.php?id=tour

A restaurant is not 5 star in my book with low back chairs. I long for a bartender to point at my beverage upon delivery but in hindsight it became passé after Isaac did it one too many times on the Love Boat.

[PaceAdvantage]

And this thread is one of the reasons why I don't allow any political discussion or avatars on the horse side. Excuse me while I remove Sid's avatar....

[bigmack]

And this thread is one of the reasons why I don't allow any political discussion or avatars on the horse side. Excuse me while I remove Sid's avatar....
Arguably, the av's political nature had less to do with its distraction than his strikingly artificial pompadour as most here knew little of his political derivation. In the end, I for one, am sad to see him go. :lol:

[PaceAdvantage]

Arguably, the av's political nature had less to do with its distraction than his strikingly artificial pompadour as most here knew little of his political derivation. In the end, I for one, am sad to see him go. :lol:Yeah, I see your point. But, if I don't kick his avatar, I get blamed for not being completely fair and balanced!

[andicap]

Karl,
I guess we're in the minority. Though I did like the old Gulfstream Park better -- it just had a bit more charm and I loved that restaurant outside on the clubhbouse turn-- I have nothing against the new one.

And yes, it's nice to get from time to time and actually be around people.
If there's one thing I really miss here in the UK is the track and the Yonkers simulcast. The bookie shops, besides just taking UK racing, are usually pretty empty and depressing here.

Back to GP, the simulcast room is excellent -- very comfortable seats, a great betting terminal/TV at your desk and tons of monitors all in easy view.

That other room upstairs-- can't recall the name, but it becomes a nightclub after the races -- is also very nice and comfy.

And I didn't see the fuss about watching outdoors -- I saw some races outside and it was fine to me. I go to Belmont and don't see a huge number of people sitting in the stands - except for a few big days -- so why waste millions building lots of empty seats?

The walking ring is in easy view as well.
Parking is good. the traffic getting to the track is a royal pain in the arse but that was always the case and nothing GP can do about it.

Horseplayers really DO like to grumble.

Having said all that, Magna has done a great job in destroying what was a fine business. How can you fail at slots???????????????? And recall how he screwed shareholders of his Magna Int'l car parts business by throwing the racing stuff in there. Nice.

And I just don't see how you can keep defending Stronach with the crappy financial condition his company is in right now? I guess if you want stalls at his racetrack though you should defend the boss in a public forum so I can't blame McShell for his comments. I'd do the same thing.

[DanG]

I’ve heard it’s improved this year, but I still can’t get the last couple years from my mind when I could have cried walking around the plant.

On a somber note;


R.I.P. Arthur Appleton (92yo)


Legendary owner / breeder of Bridlewood Farm’s outside of Ocala. :ThmbUp:

[Spectacular Sid]

I’ve heard it’s improved this year, but I still can’t get the last couple years from my mind when I could have cried walking around the plant.



On a somber note;








R.I.P. Arthur Appleton (92yo)








Legendary owner / breeder of Bridlewood Farm’s outside of Ocala. :ThmbUp:



Man, you're bringin' me down. Dead pianist composer, dead bass genius, dead philanthropist, art collector...all in one post.

[DanG]

Man, you're bringin' me down. Dead pianist composer, dead bass genius, dead philanthropist, art collector...all in one post.
Yikes; good point Sid… (It must be my Cherokee roots showing where we obsess over honoring those who pass on.) :blush:

Maybe we should do what the men you mentioned would wish for…To celebrate their lives and not mourn them! :ThmbUp:

[karlskorner]

You question "how do you fail at slots". Very easy when you are paying the State of Florida 50+ percent tax for doing business. The 3 new casinos all were having a hard time keeping it together when in competion with the Indians Hard Rock Casino, who pay not one penny in taxes, although GP had a dramatic increase in slots revenue for the month of December. Our newly elected Gov. Crist signed an agreement recently with the Indians allowing them to install Class III (Vegas type slots). He had to, since the Federal Gov. would step in the next day and allow this to happen, as the Indians are a soverign nation within the State of Fl. This is not good for GP

Tom Schell doen't have to suck up to Mr. Stronach, as he has 10 stalls at CRC and vans the 7 miles east to GP.

Some thumb suckers have been complaing on other threads about the quaility of some races carded at GP. Don't blame Mr. Stronach, GP or the Racing Sec. Blame the Trainers who brought the horses. If the Racing Sec.has to card MC/MDN to satisfy certain Trainers, so be it.

Agreed the health of Magna stock is serious and could be troublesome, however, last fall when I bought 10K shares of Magna at $1.63 and sold 3 days later for $2.45 PA accused me of "redboarding", until I pointed out that I had suggested earlier in the week now was the time to buy

[Spectacular Sid]

You question "how do you fail at slots". Very easy when you are paying the State of Florida 50+ percent tax for doing business. The 3 new casinos all were having a hard time keeping it together when in competion with the Indians Hard Rock Casino, who pay not one penny in taxes, although GP had a dramatic increase in slots revenue for the month of December.

Not to split hairs (if I had any), but did Gulfstream's total slots revenue go up in December or did their revenue per machine go up after reducing by 50% or so the number of machines. And haven't the other racinos and dog-cinos managed OK with the onerous tax?

[DanG]

Tom Schell doen't have to suck up to Mr. Stronach, as he has 10 stalls at CRC and vans the 7 miles east to GP.

Some thumb suckers have been complaing on other threads about the quaility of some races carded at GP. Don't blame Mr. Stronach
Karl,

Considering the amount of at bats you’ve taken for ‘Mr. Stronach, I think it’s now appropriate to go on a 1st name basis.

Frank or Uncle Franky has a nice ring to it.

http://www.unclefrankys.com/uploads/images/art_signs_200px.jpg

[jma]

Not to split hairs (if I had any), but did Gulfstream's total slots revenue go up in December or did their revenue per machine go up after reducing by 50% or so the number of machines. And haven't the other racinos and dog-cinos managed OK with the onerous tax?

Yes, and yes.

The per-machine average nearly doubled, but they cut the number of active machines by more than 50 percent...so total revenue went down.

To me, Gulfstream's product is a shadow of what it once was. That could be argued, but the idea that Magna's financial situation is very shaky can't be argued. However, Karl's been blindly singing the same tune for so long he doesn't know when to give it up.

[onefast99]

You question "how do you fail at slots". Very easy when you are paying the State of Florida 50+ percent tax for doing business. The 3 new casinos all were having a hard time keeping it together when in competion with the Indians Hard Rock Casino, who pay not one penny in taxes, although GP had a dramatic increase in slots revenue for the month of December. Our newly elected Gov. Crist signed an agreement recently with the Indians allowing them to install Class III (Vegas type slots). He had to, since the Federal Gov. would step in the next day and allow this to happen, as the Indians are a soverign nation within the State of Fl. This is not good for GP

Tom Schell doen't have to suck up to Mr. Stronach, as he has 10 stalls at CRC and vans the 7 miles east to GP.

Some thumb suckers have been complaing on other threads about the quaility of some races carded at GP. Don't blame Mr. Stronach, GP or the Racing Sec. Blame the Trainers who brought the horses. If the Racing Sec.has to card MC/MDN to satisfy certain Trainers, so be it.

Agreed the health of Magna stock is serious and could be troublesome, however, last fall when I bought 10K shares of Magna at $1.63 and sold 3 days later for $2.45 PA accused me of "redboarding", until I pointed out that I had suggested earlier in the week now was the time to buy
How could you blame the trainers and owners on the stock they brought to GP? The horses from most of the other tracks in the northeast are not all claimers and maidens, most are top quality horses who will run once or twice at the meet. GP is not any worse off then any other track trying to fill weekday races. Aqueduct had a huge run of NY bred races but if you look at the purse stucture you will see why those races get filled as opossed to the 12.5k maiden claimers with a 12k purse at GP. The quantity of racing is at GP but not the quality at least right now.

[Spectacular Sid]

Another problem might be that Gulfstream Park's average daily purses ($313,444, according to Thoroughbred Times) are below that of Fair Grounds ($327,922) and Aqueduct ($350,038) in the east. In years past, I thought Gulfstream had the highest winter purses in the east. A lot of horse owners will go where the money is with their better horses, even if South Florida's weather is the best in winter.

[thespaah]

For a guy with only 26 posts you sure are a "kick em when their down" guy!!.I dont think you are being fair judging from this post.The majorty of races are claimers and I myself havent saw too many short field,Granted there is a couple of 6 horse fields.Horses come from all over the USA to race at GP.Its very easy to knock someone.I have read many posts over the last couple of years about people not liking this or that,The fact is Magna has tried to please you making a lot of changes at GP.Geeze Im there almost everyday and never have a problem watching a race.I dont need a boxseat and I dont mind standing,I find it hard to sit in a chair and cheer.The bottom line is I dont think "Frank" could ever please any of you no matter what he did.He could heed to everybodies beck and call and there would always be a disgrunted person.I also think many of you havent even given GP a fair chance.
Frank and his company may be losing money but Im still running against the likes Of Pletcher and the boys...Nuff said
ok..did a little research.
I used the next three days of Gulfstream entries
Date Avg # starters
1/17 9.33
1/18 9.67
1/19 9.70
Over these three days there are 16 claiming races with and avg claiming price of $21,800.
there are three maiden claiming races with an avg claiming price of $32,333.
over these 3 days there are 8 turf races with an avg field size of 10.9.
****Note**** field sizes do not count AE entries as filed sizes are limited to 12, 10 in turf sprints..

[westny]

Another problem might be that Gulfstream Park's average daily purses ($313,444, according to Thoroughbred Times) are below that of Fair Grounds ($327,922) and Aqueduct ($350,038) in the east. In years past, I thought Gulfstream had the highest winter purses in the east. A lot of horse owners will go where the money is with their better horses, even if South Florida's weather is the best in winter.

Today, GP had a daily purse of 209,000. Aqueduct daily purses totaled 304,000.
Using the figure "average daily purse" skews the comparison of "average daily purses". GP loads their "average daily purse" figures with weekend stakes races, like last Saturday. But on a day to day basis, GP has alot of low end claiming races with purses of 9,000 11,000. Not many alw races or even OPTCL races. AQ has far fewer stakes races or handicap races, even on weekends, but the daily purses are good too,

How many owners/trainers can afford to race a horse for 60% of 9k in a 12,5k clm race at GP vs 60% of 22k purse for a 10k Clm race at Aqueduct?

GP has good racing on weekends. The rest of the time... dreck.

[onefast99]

You all miss the main reason for the trainers to go to GP the weather is great the golf is great and the food is fantastic, so why not push your owners to come on down and enjoy all of this! And of course no trainer mentions the small purses!!!

[onefast99]

GP website is up and running! Pretty good website with a lot of information.:)

[point given]

GP is looking to keep the FL trainers from calder on the east coast more this year, hence the field size increase. There are also FL breeders awards going in the purses, and some FL bred races. You are correct on quantity vs quality. Racing 6 days a week now, is this really good for florida racing ? Why not 5 days ? Too much crapola. But Frank knows best, his electric just went, cancelling the 8th and 9th. Too much pidgeon poop I guess. ;)

[onefast99]

The fl bred extra purse money has always been there, smae at tampa and Calder. First the website goes down and then the track loses power what next?:bang:

[Spectacular Sid]

what next?:bang:

Frank has his day in court (http://www.thestar.com/Business/article/295189)...a losing one, caused by one of the many people he's fired.

[onefast99]

And the Canadian dollar is now the same value as the US dollar so he wont even get a discount if he pays in US funds!!!