Subject: Re: Zweig article/30-year Returns
{{This is a bit off topic but I've had some adventures with my hvac system which is critical in the Phoenix area. I found a solid company and was talking to the guy who is also the owner. He worked at another company for a long time and they were valued around $15M but the owner wanted to take it to $20M before selling it. In order to try to get there he or maybe with consultants decided every tech has to have an average bill of $700 at the end of every month. This guy I was talking to said he was the lead and he would have to do the firing and he thought it wasn't right so he left and took several of the best employees with him to start his own company, the other company has dropped to $9M valuation.

But this is why people are get screwed by many contractors. Either private equity or other demands that require the technician/contractor to make $x per month and causes many of them to recommend work that is completely unnecessary. }}

So far, I've been able to do all my own HVAC repairs. If I have to bring a contractor to the house, I regard it as a failure.

intercst