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Old 02-09-2011, 03:27 PM   #1
tunaless greg
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Always sell when your hot !

That is when the multiple is the highest. Usually the contracts also have an earn-out, where the seller can participate in the growth for 1-2 years, and earn a multiple on the difference. Someone comes up with a lure hotter then his, suddenly no one wants to pay the higher price his lures seem to command.
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Old 02-09-2011, 07:00 PM   #2
Backbeach Jake
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I'd have sold, too. Why not retire if given the chance? No matter how hot or popular my product was, if given the chance to fish every day, I would.

He that would make his own liberty secure, must guard even his enemy from oppression; for if he violates this duty, he establishes a precedent that will reach to himself.
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Old 02-09-2011, 07:01 PM   #3
BigFish
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YBFBI!

Almost time to get our fish on!!!
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