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Brew

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Posts posted by Brew

  1.  

    On 6/20/2023 at 2:29 PM, BHMCruiser said:

    Stay at the Omni. It's nice and relatively inexpensive, centrally located, and attached to the Country Music Hall of Fame and Museum. Plus the Bob's Steak & Chop House in the lobby is reliably good.  

    If you’re looking for relatively inexpensive and location, I would probably go with the Hampton/Hyatt/Drury group that is right there. On-site parking, right next to Southern Steak and Oyster / Etch, and 2ish blocks off the lively end of Broadway. You can also stay cheaper up near the capital (Indigo/Courtyard) and eat at Skull’s Rainbow Room / Puckett’s / Jeff Ruby’s (all much better than anything around Broadway other than Southern/Merchants) and have a 4ish block walk down to Broadway.

  2. I’ve had 3 or 4 Undercover Ultra Flex covers and have zero complaints. The mounting hardware doesn’t take up any useable space and it’s easy to use in several different configurations if hauling something.

  3. Sign a contract with Pat McAfee for $17M per, lay off some of the names above that we’re making a quarter or less of that, decisions make no sense.

    I listen to ESPN radio if I’m in the vehicle most of the time. The constant rotation of shows has gotten to be annoying compared to what it was with the consistent lineup they had for years.

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  4. 14 hours ago, Biff Tannen said:

    Air travel today is such a crapshoot.  You might as well strap a rocket onto a bus on a ramp and aim it towards the city you're trying to get to.

    This, we had people flying Delta and American last week through multiple airports coming through Atlanta and Charlotte. Only 1/3 of the group made it to our meetings and most of those also had issues getting back home.

    They weren’t all airline issues though. I made it to the meetings and got delayed going home because someone got accused of vaping and another passenger was more intoxicated than flight attendants wanted. Delayed an hour leaving and missed connection in Atlanta by 5 minutes because the Delta crew closed the doors early on about 8 of us that were coming from the same flight. I hate airports at this point.

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  5. 7 hours ago, CleverNickname said:

    What trucks have rear ac vents for the kiddos in the backseat? 

    As a long time Ford guy, their rear air sucks unless it has been updated with the newest model.

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  6. 7 hours ago, HonkeyVape said:

    True , but also the gross cost is just outrageous. Just got back from a lunch with a buddy who bought a new F250 a few weeks ago, a higher end one, but he paid out the door $109k

    He got ripped off and should have looked around more.

  7. Broadway between 1st and 8th and a couple streets out each way. There are plenty of options covering a wide range of prices in that area. That’s as touristy as you are going to get in Nashville.

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  8. At some point (in this example with the distances anyways) you just book a car or a different airline. I’m not f-ing around with that much trouble, one way Hertz and I’ll deal with the airlines crap and reimbursement once I’m home. There is a 0.0 chance I’m relying on Delta any longer to get me home in the continental US at that point.

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  9. 1 hour ago, Mother mopar said:
    6 hours ago, Brew said:
    Traded my 9 month old F250 for $10k more than I paid for it earlier this year and could have gotten more if I would have traded it in Nov/Dec. Markets in certain areas are still way out of whack especially on diesels. Looking for an older one now to replace it with and pricing is stupid on them still.

    Glad it work out for ya bud. I see 2nd Gen Dodge trucks for sale and people asking $20k+ and it just blows my mind. Like anything, it's worth what someone is going to pay for it and there is an ass for every seat.

    Going to sit out for a while and see what happens with prices. Don’t have an immediate need right now since I sold all my toys, so I can be patient. I had to pick up pallets of sod last week and missed it for the first time. Took several trips with the Bronco pulling a trailer.

  10. On 5/19/2023 at 4:13 PM, Mother mopar said:

    Diesel trucks always seem to bring strong money, especially in select southern markets.

    Fuel, filters, and fluids are the biggest issues for any diesel. You have to get those right or it will cost you. Right fuel additives (sulfur), correct micron filter for applicable system (recommended aftermarket filtration down to 2 microns) and lastly change the fluids on schedule with the correct type/viscosity for your usage.

    If the above was done, I would hesitate dropping good money on a diesel with 200k miles.

    Traded my 9 month old F250 for $10k more than I paid for it earlier this year and could have gotten more if I would have traded it in Nov/Dec. Markets in certain areas are still way out of whack especially on diesels. Looking for an older one now to replace it with and pricing is stupid on them still.

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  11. On 6/12/2023 at 10:17 AM, mdmost said:

    I think we're covered but any good breakfast spots near Millennium Park?

    There is a Wildberry on the north end of Millenium, a Yolk right across the river, Eggy’ as is on the north end, all are good breakfast options. 

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  12. Everyone can keep telling themselves all of that to make themselves feel better, but there are a laundry of issues that were created after the first round was authorized and through the forgiveness timing. Forgiveness itself was a moving target well into the end of the year as the IRS kept moving the target. We had a number of companies that expected to pay it back with the early guidance that got swept up into forgiveness as guidance changed. Round 1 could have been tied to numbers rather than putting in the economic impact wording. Once you cleared the worst of it, if you had a loss then you keep the funds. If you don’t meet a numeric criteria, then you owed it back. Round 2 should have taken into account other funding mechanisms that people received, specifically in the medical arena or been strictly tied to specified impacted industries. ERTC should never have been opened up to PPP recipients a year after the fact unless they strictly qualified based on revenue reductions. The economic impact bullshit standard that credit companies are qualifying people under are ridiculous. 

    Fraud pails in comparison to the number of companies that qualified under the vague economic impact standards and with the moving guidance on forgiveness even though their profits were running at record levels. Without supply chain issues and employee issues, those record profits would have been higher so we are impacted economically. 

  13. 4 hours ago, Cheeseweasel said:

    Almost as wild as the "shut it down to save Grandma" crew bitching about inflation. Unemployment remained at record lows considering the massive disruption. PPP was a success despite the assholes who cheater. Blaming business owners for cheating is like blaming gun owners for murders...Oh wait you do that too.

    I don’t believe that PPP will be looked upon as a success when the history books are written. It combined with ERTC and the other funding mechanisms have been boondoggles of the highest order. Are there businesses that legitimately needed the funds, definitely. They could have been funded with a much more restrictive process than what we got that actually put money where it was needed and where it was proven to be needed.

  14. 2 hours ago, Hefeweizen said:

    We’re always acquiring, and valuations are way more reasonable than during the Rona.  Still higher than before 2020 but at least private equity has gotten the fuck out of this space.  Those guys Fuck everything up for players in the market just looking to expand.  They buy at inflated value without regard to what works in the industry.

    It’s kind of interesting how they follow each other around with industry investments and how everything ebbs and flows around it. PE investments are on fire right now in the accounting industry. Multiples are through the roof, every PE/family office is chasing an investment and it will be interesting what happens when that valuation bubble pops.

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  15. 25 minutes ago, DefinitelyNotHollywoodColt said:

    When you say operating environment, are you specifically talking about their inability to fundraise?

    Our attorney works for a firm that focuses on M&A advisory services and he said most deals being shopped right now are fire sales due to an inability to fund their next raise. We’ve been profitable for well over a decade and are definitely not in that boat, which seems like a position of strength right now.

    By the way, you bankers are a bunch of used car salesmen. No offense or nuthin’!

    No, we’re seeing a lot of owner’s looking to get out because they are tired and the last three years haven’t been much fun. Employees, interest rates, supply chains, customer demands, etc have all made life more difficult. Flip side is most (outside of our manufacturing clients) are having record years each subsequent year which also has them thinking now is the time to jump.

    We aren’t dealing with any fire sales but the vast majority of our client base is family owned entities with valuations from the mid seven figures to mid nine figures. I have one manufacturing client that is looking at selling at equipment value but it’s a stupid number that isn’t far off what his best value was on earnings because of the industry he is in. I have others out on the market now that aren’t getting interest even though everything about them says they are good buys with excellent potential.

    Multiples are down from the high point and money is a little more scarce right now, but the market is still moving.

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  16. 19 hours ago, DefinitelyNotHollywoodColt said:

    Still pretty wild to go back and read through the PPP days where the bootstrap crew is openly bragging about receiving welfare without a hint of self-awareness. Covid really did turn the world upside down.

    Anyways, decided it’s time to move on and we’re taking our business to market. Obviously the markets have changed since the heady days of 2021-early 2022 but we’re up 50+% YoY and have some inbound interest from large strategics with whom we have commercial relationships.

    Choosing a banker now in prep for running a process and trying to mentally prepare for the shitshow that cometh. The thought of trying to run the business and make sure growth doesn’t slow while running this process gives me panic attacks.

    Anybody done it and have advice (read: a good drug dealer)?

    One of our companies only deals in transaction advisory services. The capital markets have been strange since last August or right around then. Everything has slowed down significantly and things aren’t selling like they were before or for the same multiples. We’re still seeing interest in good companies, but seller expectations are skewed with where multiples were in the low rate / high cash environment. It has picked back up recently, but a lot depends on the numbers and the company type. The other issue is your last paragraph. There are a lot of companies kicking the tires on selling because they are done with the current operating environment and buyers know that so they are focusing on the cram of the crop.

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  17. 1 hour ago, TonyTexas said:

    If you really want to know what’s going on, listen to the No Laying Up podcast when it’s released, probably tomorrow morning. These guys probably know as much if not more than anyone. I watched some of it live and this is the general takeaway. This is not a merger. The PGA, Saudis and DP tour will pool their commercial golf assets in the new for-profit entity. That will then get a valuation which the Saudis will have an option to buy up to 49%. This will bring in several billion dollars for the PGA to spend as they see fit. Another contributing factor is that the lawsuits were costing a shit ton of money. $50M/year for the PGA alone was bandied about. Bottom line is that the PGA is killing two birds with one stone. Getting rid of both  LIV and the lawsuits. It’s not all rainbows and unicorns though. They blasted Monahan for how sloppy he’s been through this. 

    Article on SI basically says the same thing. PGA Tour and it’s play style survives, LIV disappears, LIV golfers pay substantial fines to PGA to be allowed back which evens some things up, and it is a win for everyone except that pesky little issue of Saudi ownership that they hope gets glossed over sooner rather than later. 

  18. On 6/2/2023 at 8:37 AM, South Austin said:

    Itinerary coming together.

    Friday:  Land at Midway 11:30 a.m.  We might just grab a quick dog for lunch and explore Millennium Park near our hotel, and hit the Art Institute before an early 5:15 p.m. dinner reservation at Girl & The Goat.

    Saturday:  Breakfast at Wildberry.  River Boat architecture tour at noon.  A Second City show at 7:00 p.m., and we'll grab dinner somewhere nearby in Old Town.  Looking at VIG, Gussies, Topo Gigio, or Orso's.  Any thoughts on those appreciated.

    Sunday:  Brunch at The Gage.  Afternoon game at Wrigley.  Maybe dinner close somewhere around the stadium.

    Monday:  We might tool around Lincoln Park for the day and check out the Chicago History Museum and other stuff.  6:00 p.m. dinner at The Dearborn.

    Fly back to Austin early on 4th of July.

    You can take a water taxi or Uber over to the Field Museum/Aquarium/Planetarium area also. My kids enjoyed those three more than the Art Institute, but culture is probably lost on them. They came by it honestly I suppose.

    If you are doing the boat tour, I would use the Architecture Center. They do a great job plus you get access to the Architecture Center with your ticket and they have really done a good job with it in combo with the boat tour.

    Your food options are solid. Around the river area we eat breakfast at Yolk most days when we are there. Remington’s was also good on the south side of the river. Don’t know the ones you are looking at around Second City. We always eat at one of our normal places around the river area and then take a car/train up from there.

    I’ve never had an issue with shorts that time of year although I’ll usually take a couple lightweight long sleeve shirts I can roll the sleeves up on or keep them down at night if it cools off. 

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  19. This is going to be the first summer in a while without any legitimate trips. Oldest starts college next year, so she is doing a couple of summer immersion camps at schools she is interested in, both kids leave for a mission trip tomorrow, youngest has a long camp late June, and the oldest is heading to Jamaica to visit a friend’s family for a couple of weeks. By the time they got all that pieced together we decided being home by ourselves that much would be a vacation and we would skip a year.

  20. If I’m anywhere near the coast, I’m living on blackened fish of the day sandwiches for lunch. Doesn’t matter what else is on the menu, blackened grouper sandwich, blackened mahi sandwich, etc. are all winning out other than the occasional taco version which it sounds like may also be a sandwich.

  21. On 5/25/2023 at 1:19 PM, NWBuck said:

    Quick update... Oldest daughter has moved home from college, and brought a box of mugs from her apartment with her. So, you can readily add another 13 coffee cups to the previous total... but now I have a place to move mugs to when I take them out of the cabinet.

    Do you want to start an exchange program? I think we’re closing in on 100 Stanley, Yetis, and Tervis with the additional 5-6 that have shown up since Mother’s Day and the kids bringing everything home from school/sports/vehicles. 

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  22. To those that knew him, I’m sorry for your loss. His life seems like one that has made an impact on many which is more than most of us can say.

    I wish I knew more about him and connected the dots while he was still here after reading the tributes and articles that have been posted. The list of people that have commented is a who’s who of guys I would bend over backwards to sit down with which means he would have been on that list also.

    May he finally rest in peace and may his memory carry on in the words he has written. 

     

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