Originally Posted by
Packrat
How many quarters in 10 years did VX make a profit? Without Sir Dick's money, VX would have been consigned to the ash heap of aviation 7 years ago. Right beside Presidential, Eastern 2/3, Braniff 2/3, etc..
There are many legally creative accounting strategies that can be employed in order to make company seem unprofitable and there are many reasons why it's done such as for tax issues, suppressing labor demands, etc.....
A company does not necessarily have to be profitable to make it worthwhile for investors to stay with it. The company was cash flowing well, and the investors were making money hand over fist with a great ROI....