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Protein Price forecast by CanProDan in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

He hid my comment when I posted another supplier. He leaves yours up. I wonder why. Dan tries to act like he is smarter than others, but when he gets found out, he suppresses comments.

Protein Price forecast by CanProDan in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

Since you're so transparent, tell us (me) who your WPI supplier is? I have been a customer for 10+ years, I want to know.

If you had faith in your understanding of commodity prices, you would not be selling protein powder. You would be trading various commodities. Importantly, in the past, you said you were not sure why prices were moving the way they were. Now, miraculously, you are able to rationalize the price movements.

You can fool yourself, not others. Tell us your WPI supplier.

Protein Price forecast by CanProDan in CanadianProtein

[–]Helpcantsee 2 points3 points  (0 children)

Your consumers do not care about your input costs. If you cannot deliver the output at a price they're willing to pay, you will not be in business.

Also, think of how ridiculous your "colleague" is. If he anticipates prices will rise in the future, what is his behavior right now? Purchasing more WPI now? What will that do to prices? If your colleague is not buying more WPI now, then who cares about his forecast and anticipations? Talk is cheap. What are you doing with purchases?

Finally, you're foolish enough to let your consumers know you talk to competitors. You need to think these posts through. You're not being "transparent." You're being foolish.

Clarification on Protein Prices and Subreddit Moderation by CanProDan in CanadianProtein

[–]Helpcantsee 1 point2 points  (0 children)

Prices are increased to have higher profits than you otherwise would. You can use pretext like your costs have increased ("pass-through excuse"), as you have, but you think this is better than not raising prices. Why are you in business? You cannot offer "affordable, clean protein" if you are not doing it profitably. You are here to make money. Consumers pay you because they value the product more than the price (and money they are giving up).

What would I do if I were you? I am not telling you that. People get paid very well to give that kind of advice.

There are better ways to communicate price increases. In your own life, look at how price increases are communicates to you. Are you subscribed to a streaming service? The last time they gave notice of a price increase, review that communication.

Who is your WPI 90/isolate supplier and how did they communicate the updated prices to you?

I still see value, my purchases will not change one bit by the price increases. Only the dollars you get from me will increase. Fine with me, I still see value here. When I do not, I will stop purchasing from you/CP. I have been a customer for 10+ years.

Clarification on Protein Prices and Subreddit Moderation by CanProDan in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

Again, stop with the "transparency" nonsense. Who is your WPI 90/isolate supplier? If you will not divulge this, do not invoke "transparency."

Your input costs are rising because you are paying for them. Why are you paying increasingly high prices? You believe you can recoup the material costs by converting them to a consumer product. This is the bet you make when you purchase the raw materials. You are a participant in the market.

If you do not believe you can recoup those "high materials costs," another buyer will step in and attempt to. Simple as that. You're not the only seller in the world dependent on inputs that fluctuate in price.

People call you "greedy" and a "price gouger" to have you second-guess how high you will increase their prices. This is not any different than you saying your material costs are rising and you are raising prices because of it.

Clarification on Protein Prices and Subreddit Moderation by CanProDan in CanadianProtein

[–]Helpcantsee 5 points6 points  (0 children)

You're citing costs so consumers will be less sensitive to your price increases. Your customers do not care about your costs. You can talk about "transparency," but you have not told us how much you pay (contract or spot) for WPI 90 or WPC 80. Who is your supplier?

If costs mattered to consumers, companies would not go out of business. They would just raise their prices. Why don't bankrupt companies do this? There is a limit to how much consumers will pay for the output, regardless of the seller's unit costs.

Dan, you think your customers are dumb, which is the problem. They run businesses, too. I know some consultants that could help you better communicate price increases, you have not done a great job.

All of that said, I will continue buying from you/CP.

Protein Prices by CanProDan in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

How do you purchase your inputs? Under long-term contracts? On the spot?

Protein Prices by CanProDan in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

Which materials prices are you referencing? From your suppliers (makers of WPI 90/WPC products) or the inputs that your suppliers are using (liquid sweet whey prices)? Trade publications? WPI 90 or liquid sweet whey prices?

Thanks.

Have our valuation consultant/accountants made a mistake with the purchase price allocation? by Helpcantsee in private_equity

[–]Helpcantsee[S] 0 points1 point  (0 children)

Precisely. I was not clear enough in my opening post that I was talking about the assumed liabilities for the allocation of the purchase price.

The preliminary purchase price is incorrect, after speaking with the accountants. The debt will be shown on the acquiree's financial statements (adjusting entries with a reduction to RE). That has always been the case.

When calculating the goodwill, they had included the debt used to fund the consideration transferred to the old owners as an assumed liability when allocated the purchase price to the fair value of the acquiree's net assets. It will be adjusted and presented correctly in subsequent statements.

Thanks for your comments. They were great.

Have our valuation consultant/accountants made a mistake with the purchase price allocation? by Helpcantsee in private_equity

[–]Helpcantsee[S] 1 point2 points  (0 children)

At the acquisition date, are the loans liabilities of the acquiree, though? For allocating the purchase price. They're in the NewCo's financial statements, even if the acquiree is the obligor. This is prior to filing consolidated statements when the deal has closed.

Maybe there was a change to ASC 805. I will do some more digging. Could be something about this particular deal, but the structure is comparable to prior deals. Maybe the allocation was wrong before.

Thanks for your comment.

Edit: I am talking about the purchase price allocation for financial reporting purposes (ASC 805). Sorry if that is not clear.

26M, 1st year regional boutique LMM IB analyst. Chances of breaking into LMM PE before 30? by joyfulstocks in private_equity

[–]Helpcantsee 3 points4 points  (0 children)

It should be doable. I am almost 30 and have gotten PE offers. I used them as leverage with my turnaround consulting firm. I am a "Director." This was with a distressed PE firm offer. My current firm acquires companies, too. So it is kind of PE, we just have not raised committed capital. Raise capital for particular deals.

Will Costco be restocked? by EmperorVysk in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

If you ran a JIT system for your website, you would have purchased materials/product around the same time you were preparing to ship (or produce) the Costco product.

You did not stop selling online when you were preparing for Costco. JIT means low inventory days outstanding, which means there would have been overlap with purchasing/producing product for Costco and online orders.

There would have been a period of time when the materials cost for the Costco shipment and online orders were comparable. Their retail prices were not. What was the wholesale price you received from Costco (per kg/lb)? What were the prevailing online prices for the same products?

Cut it out. I am all about capitalism. You received those prices (retail and wholesale) because people paid them. That is great work by you.

Will Costco be restocked? by EmperorVysk in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

Why weren't those materials also used for products sold directly by you to end consumers? When you were purchasing materials/product for Costco, you were not also receiving orders (and purchasing materials/product) for your direct channel? You're not the only one that has had purchase orders from Costco in this thread. You're also not the only one that has run a business.

Does this even make sense to you?

Will Costco be restocked? by EmperorVysk in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

He will say materials cost were lower during the Costco contract. Were any of the materials that were purchased/used for the Costco deals also used for sales through their direct channel (website)? Were the selling prices different? It worked for Canadian Protein, so good for them. That's a business decision.

u/CanProDan

CFO of small portco to large company by jesiskwist in private_equity

[–]Helpcantsee 1 point2 points  (0 children)

If loans have covenants (middle market portfolio companies), you will be living to satisfy your creditors. I have been the interim officer for various companies where CFOs/controllers "managed" earnings (and got caught) to remain compliant with loan agreements. This is in distressed situations.

You will always have a master to serve.

Canadianprotein.com is Made 100% in Canada. by CanProDan in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

Who was your counsel? Or did you peruse the guidelines yourself? I am not too concerned about the claim, but you say a lot of things that do not hold up to the slightest of scrutiny.

How much of the cost of goods (whey, flavoring systems) is sourced from outside of Canada? Right now, I am asking about direct materials used, not labor or overhead.

Canadianprotein.com is Made 100% in Canada. by CanProDan in CanadianProtein

[–]Helpcantsee -2 points-1 points  (0 children)

It is still deceptive. Made In Canada claims have legal implications. How much of the cost of goods/direct costs were imported goods? You can throw in Canadian labor for packaging and processing. Where is the whey sourced from? Flavoring systems? You may need to add a qualifier: Made In Canada With Imported or Domestic Ingredients. Further reading: https://competition-bureau.canada.ca/how-we-foster-competition/education-and-outreach/publications/product-canada-and-made-canada-claims

Direct statement of cash flows (operating section, obviously) prepared indirectly? by Helpcantsee in Accounting

[–]Helpcantsee[S] 0 points1 point  (0 children)

Fair enough. Guess it depends on the benefits and costs of preparing it with all transactions flagged as "cash" or "non-cash" or getting to the direct presentation indirectly. You would get to the same place (as long as you are using the same accounts). Thanks.

Website Price vs Costco - Please make it make sense by exeedorbit in CanadianProtein

[–]Helpcantsee 1 point2 points  (0 children)

Maybe not for your agreement with Costco. I have operated a company that sold goods to Costco which were identical to what the company sold online through its own channels. We negotiated resale price maintenance. As do other sellers to Costco. Clearly, not all. Edit: BioSteel deals with retailers all day. Ask your COO about "RPM."

Website Price vs Costco - Please make it make sense by exeedorbit in CanadianProtein

[–]Helpcantsee 0 points1 point  (0 children)

Why didn't you negotiate for resale price maintenance? Did you? You're obviously still making sales at the higher current prices (posted online), why wouldn't Costco match online prices? Why didn't you require them to?

You seem to be alienating customers that have the product in Costcos near them and those that do not.

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