We're doing better now, thanks, but the Zillow appraisal of our house is still 2.5 times our annual income, and we all know Zillow lowballs their estimates.
In 2006, Speakeasy, Incorporated, the scrappy little ISP that I used to work for (at an embarrassingly low wage, I might add) grossed over 80 million dollars. Today, I learned that Best Buy has acquired Speakeasy for 97 million dollars. Best Buy notes in their press release that this purchase will be "revenue neutral" in 2008. I think "revenue neutral" in this context means much the same as "paid off" at 1.2 times Speakeasy's annual revenue.
Best Buy certainly just made the best buy.
I sincerely hope that all you good folks still working at Speakeasy get a good cut of that action. But I think Speakeasy sold out cheap.
As did I when I worked for them. Silly me, to think there was something better than money to work for...