ACTG 2010 Lecture Notes - Lecture 5: Cash Flow, Stave Lake
12 Jul 2016
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Chapter three - eburne: moving toward integration uncle was more conservative. Dad & uncle believed in total cash reinvestment, eventually company was able to reinvest cash flow and bringing to accelerate growth. In 1940 father received word for a sawmill sale- first acquisition: it was industrial and land. Low cost of 50,000 seemed like good risk. Prior to 1890, timber was sent to new westminiter or vancouver for milling, but foreign markets learned about impressive durability of douglas fir, demand picked up. Within 40 years mill increased its production to about 100,000 feet board measure per day. With the purchase of eburne, the company became members of seaboard lumber sales, a lumber company comprised of 2 companies. Father moved to eburne and took on management of the mill. Uncle john maintained office at pacific veneer, overseeing operations there for decades to come. Bill mcmahan came on board with experience in logging operations and later became vp.
