Jamie
Unprofessional and hostile to female investors. My experience is mainly in SF and NY-based acquisitions so I expected a “culture difference” in Florida, but was still surprised with my engagement with this company. After receiving initial information about a company, I sent the broker my assessment that it’s last year increase in profits was due to acquiring one particular contract and asked if they had IDIQs or other more stable sources of revenue to justify their longer-term profit projections. The broker’s response was highly pejorative and insulting, as though he took umbrage at needing to provide data to prove a company’s valuation and asking price, and didn’t answer my question. I am not sure why he felt the need to bring gender into this discussion, either. It was so egregious that I forwarded the email to the founder and managing director, but did not receive a response. My impression is that this company is not skilled, catering less-sophisticated investors, and certainly did a poor job representing this particular company. I would not recommend this as a buyer or seller.
2 years ago
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