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6/25/2009 5:29:36 PM
 
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Section 23: OPA Elections Subject: 2009 Candidates Forum Msg# 680653
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Joe, no REAL company would just shrug off a loss on some particular departments just because there was no overall loss. I remember many years ago when the Wash. Post reported that a Safeway store was opening in riot torn N.E Wash. D.C Safeway understood that the store was going to lose money but the store would help the community. I would think that tax benefits and other profit making safeway stores picked up the loss from that store, thus still making the business as a whole profitable, just not as profitable. Let me ask, if a $200,000 operation loss on the YC is acceptable, is a $400,000 loss acceptable? I don't believe any loss is acceptable "If it can be avoided" and I think that is the big question here in OP. Can the losses be avoided, and if so, How!! Robert. |
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For reference, the above message is a reply to a message where: Robert, anyone, including me, can spin all this in any number of ways. However, no REAL company would just shrug off a loss on some particular departments just because there was no overall loss. Having said that, assessment increases this year and over the next few years have been due in part to a documented $500,000 operational loss for OPA and the need to recover those losses. So, in answer to your question, OPA has been losing money in overall context. Let me ask, if a $200,000 operation loss on the YC is acceptable, is a $400,000 loss acceptable? Divide $400,000 by 8400 association members and the cost per member is not great. Point is, with good management the YC should make a profit. |
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