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Puestro 5

Artist Esteban Semino (Argentine, 1902 - 1986)

Date1964

ClassificationsPainting

Mediumoil

DimensionsObject: 6 7/16 x 14 13/16 in. (16.4 x 37.7 cm)

Credit LineGift of Samuel T. Pees G’59

Object number1988.152

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Esteban Semino

1964

Esteban Vicente

1982

Esteban Vicente

1960

Hubert Scheibl

1991

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Robyn Denny

1975-76

"The Snowriders" Scene 5

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Mary Whyte

circa 1995

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Dieter Roth

1979

Jack Youngerman

1978

Dieter Roth

1978

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Dieter Roth

1978

Bootleg Mining #5

Bootleg Mining #5

Harry Gottlieb

circa 1940

"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"

"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"

Alan Dunn

1954

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