Comments on: Why You Should Back Your Own Analysis – The Private Equity Example http://blog.valuecruncher.com/2010/03/why-you-should-back-your-own-analysis-the-private-equity-example/ Wed, 25 Aug 2010 22:01:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Giles Barker http://blog.valuecruncher.com/2010/03/why-you-should-back-your-own-analysis-the-private-equity-example/comment-page-1/#comment-33547 Giles Barker Tue, 27 Apr 2010 12:02:41 +0000 http://blog.valuecruncher.com/?p=1122#comment-33547 I recall when the Yellow Pages was being sold speaking with the head of Recycling at the Christchurch City Council owned company that managed all recycling for the city. He said that they collect all directories and had noticed an almost halving each year of the tonnage of printed directories that they were collecting and on selling to pare recyclers. The only conclusion that you could draw was that Telecom were printing less and less directories.Probably because people didn't want them anymore. The directories model is all about selling real estate in printed books, if people prefer go online even to visit yellow.co.nz then the selling of space in a book that you are printing less and less of every year seems like a rip off. At the time it seemed like a joke price to me to pay for a business that was going out of business. I recall when the Yellow Pages was being sold speaking with the head of Recycling at the Christchurch City Council owned company that managed all recycling for the city. He said that they collect all directories and had noticed an almost halving each year of the tonnage of printed directories that they were collecting and on selling to pare recyclers. The only conclusion that you could draw was that Telecom were printing less and less directories.Probably because people didn’t want them anymore. The directories model is all about selling real estate in printed books, if people prefer go online even to visit yellow.co.nz then the selling of space in a book that you are printing less and less of every year seems like a rip off. At the time it seemed like a joke price to me to pay for a business that was going out of business.

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