I Have Returned!
Many things have happened since my last entry in June 2008. I decided to take a blog sabbatical while I was involved in what turned out to be a lengthy negotiation and closing to sell our Jupiterimages division. This deal closed on 23 February. Our company is now called WebMediaBrands and over time I will discuss our business strategy.
Most importantly we are no longer negatively impacted by $81 million of debt. Simple lesson - avoid debt if possible! In tough times banks are not your friends. I learned that the hard way.
I believe we are now in a depression in the United States. There is nothing like being debt free and with cash in these rough business times. Things will not be easy but I certainly hope I can make WebMediaBrands a winner for investors..
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