[AGA-sc] 2008 -- First Look

["S. Hieber" <shieber@yahoo.com>]

Just a quick note. I'm getting ready to send off the 2008 IRS Filing. Haven't 
written up a report yet; been too busy cussin' and swearin' at Paypal for hours 
on end. 

For the last several years we have more or less increased our net assets 
(basically all cash) by a few grand each year, inching up to about 60k and 
momentarily peaking up around 63k or so. We've been floating for the last few 
months at about 56 to 60K -- There's always a big dip when the quarterly TAG 
production costs hit, and then we slowly recover over the following three 
months, in time for the next hit.  In 2008, we broke even for the year -- 
technically a net change of eighty two dollars over the year. Given the sizable 
net income from the convention, our other operations are performing in red -- 
or so arithmetic would say. So, this year, without a convention, we could see a 
decline in assets.

On a lighter note, we ain't broke. We didn't leverage our assets 35-to-1 or 
"guarantee" junk securities that couldn't possibly be worth a 50th of their 
purported value, or do so without even a tiny fraction of the assets to back 
such a guarantee. So, we aren't doing as badly as some formerly larger now 
technically financially smaller organizations. A few years ago who would have 
thought AGA would be worth more than AIG?   Chrysler and GM, sure (their 
management couldn't pour water from a saucer if you told them the instructions 
were printed on the bottom -- I mean these are the same clowns that brought you 
the Pinto, the Vega, and the Le Barron) but AIG?

So, despite our slightly weaker performance this year than last, take pride in 
being financially larger than some (former) Fortune 500 companies.

Keep smiling,
sh
_______________________________________________
AGA-sc mailing list
AGA-sc@thekrib.com
http://lists.thekrib.com/mailman/listinfo/aga-sc