What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings Liquidity Services, Inc. - Quote Info
Re: lsi incurring huge loss w recent addition of national retailers salvage      5-Nov-09 10:48 am    
The truth may actually be somewhere between both of your augments. The NEW contract has LSI paying for warehousing space they did not have to pay for in the last contract. Additionally, a number of surplus items were removed from the G/L offering which lowered LSI revenues. The scrap deal was great when the scrap prices were high but that stopped nearly a year ago.

Billy Burke, former LSI employee noted that the total cost for the new contract was 3.5% of product and the previous contract was at 2.5% with all expenses being picked up by the government.

Factoring all of that into the equation and LSI currently offering is not as proftiable as it was in the previous DoD contract.
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

grandad17

Male
Pinellas Pa...


View Messages

Ignore User

Report Abuse

View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
ive noticed that thousands of auctions from this compan...
pamannw Rate it 20-Oct-09 06:07 pm  
 
Be specific? On the Liquidation.com side they are ...
larrythesto... Rate it 3-Nov-09 02:32 pm  
 
Re: lsi incurring huge loss w recent addition of na...
grandad17 Not rated 5-Nov-09 10:48 am  
 
GL pays between 2 and 3 percent of Acq value....
dial4xx Rate it 10-Nov-09 04:54 pm  
 
Scrap was also at a fixed price for LSI ...
claypot58 Rate it 12-Nov-09 06:35 pm  
 
dialxx - the government also removed som...
grandad17 Rate it 12-Nov-09 06:40 pm  
 
no they do buy the salvage and ware...
pamannw Rate it 17-Nov-09 12:00 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last
< Newer Topic | Older Topic >

Liquidity Services, Inc. (LQDT)

Chart for Liquidity Services, Inc. (LQDT)
At 4:00PM ET: 10.11 Up 0.15 (1.51%)
Symbol Lookup