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HAHA... I thought that too until I finally understood what he meant. Remember, he started off with just Marine coins, then... "In the past five years, Morin ha
by jamesbressi 17y ago
HAHA... I thought that too until I finally understood what he meant.
Remember, he started off with just Marine coins, then... "In the past five years, Morin has expanded his coin business beyond the Marines to include other service branches, weddings, sports teams, and corporations such as Starbucks, Delta Air Lines and United Parcel Service. He hired a Web designer to jazz up the online site. He changed his company name from Marine Corps Coins to Coins for Anything and has expanded into trophies, pins and lanyards (the neck straps to which security badges or credentials are attached)."
So you say, "he expanded", but he views these expansions as additional businesses and treated them as such "... estimate that Morin's companies earn a net profit of around $1 million; he didn't deny that estimate. He is rolling most of that profit back into his enterprises. A competitor offered to buy the coin company for $4 million a couple of years back."
Furthermore, I wouldn't downplay the t-shirt business everyone. I would have said the same thing about the coin business until I read this. Only difference is I know a bit more about the t-shirt business and the money is there.