General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI don't think the pillow guy is just a grifter
I think he is actually insane , not pretending to be for the benefit of the magats. He really believes his own delusions. I just saw on CNN a segment about his cyber summit and how it went. This guy should be led away in a straight jacket.
XanaDUer2
(10,641 posts)and I think you're right.
No Vested Interest
(5,165 posts)making poor decisions. His ego won't accept that he could be wrong in his political assumptions.
That would drive one insane.
OAITW r.2.0
(24,449 posts)If anyone in the Republican Party agreed, they'd be taking him aside and tell him to stop the BS. Thing is, a growing majority of elected Republicans are using the Big Lie to suppress Democratic votes. I hope the reap what they sow.....at some point it will be Democrats vs. a shrinking collection of whackjobs.
sprinkleeninow
(20,235 posts)I just cannot wrap my head around how sick it has all precipitated to.
ProfessorGAC
(64,993 posts)By the numbers, public and semiprivate.
His revenues were $152 million in 2019. The operating margins were a bit under 23%, or around $34.5 million.
The SG&A, which by industry standard is 8% of revenues.
We're down to $22.5 million.
Now, we've got debt service based on around $125 million of loans. 4% interest is $5 million and the repayment cash, assuming 20 year depreciation time on equipment & buildings, & typical terms of 60% or 12 years, is another $10 million. There was only $5.5 million in profit, before taxes and reinvestment.
After losing Walmart, Target, BB&B, & others, revenues are down 30%. Even this brain damaged crack addict admitted that.
Expenses exceed revenue & with a D/E of over 4.8, new borrowing will be hard to come by.
He's in big financial trouble.
That's why I think somebody else is funding him. He's nowhere near as rich as he pretends to be.
The Wizard
(12,541 posts)MustLoveBeagles
(11,589 posts)He needs help.
hookaleft
(938 posts)SergeStorms
(19,192 posts)and is forced to pay a princely sum vfc in damages, oh yeah, he'll be back on the pipe for sure.
Couldn't happen to a more idiotic person (save one particular Orange fellow).
Irish_Dem
(46,905 posts)Maybe it is even time to go to court and ask for a psych eval to determine competency.
And try to save any assets that are left for his treatment and long term care.
drray23
(7,627 posts)And meanwhile Lindell is allowed to melt away in public. it says a lot about the difference between how men and women are treated in this country when it comes to mental health.
Interesting point.
Irish_Dem
(46,905 posts)Especially if you are a high level elected official, or have donated a lot of money to elected officials.
vapor2
(1,243 posts)IcyPeas
(21,857 posts)He's got a big mouth and he can talk a whole lot if gibberish for hours. He just has to pepper his rants with a few scriptures here and there and he'd rake in the money from these rubes.
marble falls
(57,073 posts)FelineOverlord
(3,574 posts)progressoid
(49,977 posts)That's gotta be a fun Thanksgiving dinner.
FelineOverlord
(3,574 posts)Reminds of Lin Wood, who also seems to be on bad terms with his kids.
No Vested Interest
(5,165 posts)ecstatic
(32,681 posts)When you start with a false premise and keep rearranging reality to match your false premise, insanity is almost unavoidable.
Ace Rothstein
(3,160 posts)Which just makes him an idiot. Who was he throwing all his cash to over the last 9 months?
ProfessorGAC
(64,993 posts)See my post, #27.
He doesn't have the cash to do this.
He's a crazy guy front for some dark money, I think.
Ace Rothstein
(3,160 posts)Might be all the guy had.
ProfessorGAC
(64,993 posts)He claims to be worth $300 million.
A couple months ago, I some digging.
That number is at least inflated by a factor of 12.
Also, some of the loans acquired after D/E hit 3, are probably, at least in part, personally backed.
If he spent $5 million of his own cash, the idiot lenders are going to take a beating.
But, a guy who lies about his net worth, inflating it by 1,100%, is also capable of lying about where that $5 million came from.
monkeyman1
(5,109 posts)Silent3
(15,198 posts)Every time I've heard him talk, whether it was about the election or COVID snake oil, he's been like that.
GoodRaisin
(8,922 posts)which seems to be in danger of disappearing fast.p
LetMyPeopleVote
(145,124 posts)He is back on drugs
TexasBushwhacker
(20,171 posts)My dad was bipolar. The only difference was that that my dad only drank. He didn't do hard drugs.
FakeNoose
(32,628 posts)This guy is a target, nothing more. Rich, stupid, willing to risk it all for Chump.
Hitler had a similar scam, it worked out great for him.