11-4 to 11-8-2019
Past Shows and commentary at BLOG ARCHIVES.
Bill Meyer’s Facebook page: Facebook.com/BillMeyerShow
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Bill’s Guests: Wednesday, November 13, 2019
6:35: Eric Peters, automotive journalist and Libertarian car guy talks with Bill this morning. It’s the Weekly Transportation Update with Eric Peters from EPAutos.com.
Today, we talk with Eric about government control of YOU, via your automotive “property.” The Green Mafia and its hordes, want to force you out of your gas powered car, and get you into an electric one, by ANY MEANS POSSIBLE. Several of these Enviro-Mafioso are in your government today.
READ: The Big Plantation
Don’t forget, you can read more great stuff, and get Eric’s reviews of the latest and hottest, cars, trucks, SUVs and bikes, all over at: EPAutos.com
7:10: Jeremy Johnston, YouTuber, and creator of J House Vlogs, chats with Bill this morning.
J House Vlogs is a Family Friendly YouTube Channel that has over 2 Million Subscribers and 2 Billion Views. Jeremy is also a former attorney and father of 5. Because of recent changes that the FTC wants to make impacting YouTube Creators and Family Friendly Content, Jeremy is meeting with the FTC Today, & has started an online petition for public comment which he will pass on to the FTC. For more information on that petition and Jeremy Johnston just go to YouTube and search “J House Vlogs.”
Jeremy is fighting to keep YouTube Family Friendly content. Jeremy has a meeting in DC on Nov. 13th with the FTC Commissioner. They want to create more government regulation and more severe penalties for people like Jeremy who make a living off their YouTube Channel.
Head on over and check out the channel: J House Vlogs
8:10: Dr. Steven Greenleaf, “Steve The Marine,” joins Bill on the phone today.
Today is an interesting topic with Steve. He says that, yes, the United States has ditched its debt… SEVERAL times. We’ll talk about it. Click the link below to read Steve’s article on the subject here.
8:35: Randall from Advanced Air joins Bill in studio for today’s edition of Whose Business Is It Anyway?
Bill’s Guests: Tuesday, November 12, 2019
6:35: Dr. Merrill Matthews, Resident Scholar at the Institute for Policy Innovation chats with Bill today.
Today, we’ll be talking with Dr. Matthews about wealth inequality, and his idea for reducing it, which the Leftist Democrats might not like.
Read more articles, over at: IPI.org
8:10: Dave Ray, Communications Director for the Federation for American Immigration Reform chats with Bill.
Today, we’ll talk with Dave on the war ON Sanctuary City Policy, and we’ll go further into the Supreme Court DACA Case, being argued today.
As always, you can get more great content over at: FairUS.org
Bill’s Guests: Monday, November 11, 2019
6:35: Andrew Langer, President of the Institute for Liberty talks with Bill this morning. Andrew says that one of the problems with healthcare, whether it be the VA, Medicare or private sector, is the insurance companies. He says that they need to be broken up. And hard. We’ll talk about his articles on the subject, which you can read, by clicking the links below.
Since 2008, Andrew Langer has been President of the Institute for Liberty. IFL works on a variety of issues—promoting and protecting small business, linking trade and prosperity, tilting against the regulatory state. But at the organization’s core, and Andrew’s, is the desire to promote freedom and individual rights. Andrew has been involved in free-market and limited-government causes for nearly 20 years, has testified before Congress nearly two dozen times, and spoke at the historic 912 DC March.
7:10: Greg Roberts, Mr. Outdoors from RogueWeather.com, calls in to bring to you the Monday Outdoor Report.
8:05: Brenda Stein, Wealth Advisor at SeaCrest Wealth Management, calls in to bring to you the Daily Stock Report.
For more information, you can contact Brenda at:
Sea Crest Wealth Management
3255 Hillcrest Park Drive
Medford, OR 97504
8:10: Dr. Dennis Powers, retired Professor of Business Law, local historian and author, joins Bill in studio for today’s edition of “Visiting Past & Present” You can check out more from Dr. Powers over at his website: DennisPowersBooks.com
Sid DeBoer and Lithia Motors
By Dennis Powers
Lithia Motors began as a Chrysler-Plymouth-Dodge dealership in Ashland, Oregon, when Walt DeBoer started the business in 1946. Located in Ashland’s downtown Plaza and named after the town’s Lithia Springs, a grand total of 14 cars were sold in its first year. When struck by a car in 1968, Walt tragically died and his 25-year-old son, Sid, took over and ran the operation. He then purchased the dealership from his mother for $60,000.
Two years later, Dick Heimann joined Lithia after three years as a district manager for Chrysler Corporation. Working together, the two increased the business by the 1990s to five stores and nineteen franchises (allowing dealers to sell more than one brand at the same location) in Southern Oregon. Lithia was providing parts and maintenance, repairs, finance, and warranty-credit insurance services.
Sid DeBoer had been thinking, however, about a bigger and different strategy: He would buy car dealerships in rural communities and the smaller towns he was familiar with, and then increase their sales with the techniques he knew well. Using his existing base of five dealerships in Medford and Grants Pass, he could reach northward into Washington and southward into California, and then diversify west as opportunities arose. Sid decided he would use the proceeds of an equity offering–not unpredictable bank debt. This way, he had quick funds for expansion and could lessen the problems of economic downturns.
DeBoer headed to Wall Street in 1996 with confidence and his plan. He needed this, as no one knew him: Lithia was then about the 500th largest car dealer in the country. After tireless work, he and Dick Heimann convinced the investment banking firm of Furman Selz to underwrite a public offering. In December, Lithia Motor’s offering raised $25 million for their expansion plans, and the stock began trading at $11 per share on NASDAQ. They started looking for dealerships to buy in small to medium markets with agricultural or rural ties–hometowns like Medford.
Moving primarily through the West, Lithia by 1998 grew to 30 dealerships. A network of brokers, old friends, or dealers themselves brought dealerships to Lithia’s attention. The management team then analyzed what the specific problems were for a particular site: for example, lack of professionalism, poor management, or store layout. If it could be fixed, then the site was a potential acquisition. Lithia’s success was in its ability to bring an acquisition into sync with its other dealerships and practices, including detailed cost accounting, use of promotional pricing, and fast changing promotions.
By 2000, Lithia’s dealerships had increased to 40; ten years after the public offering, the company had 94 car dealerships in 13 states. Lithia was the eighth-largest car dealer in the county (out of the top U.S. ones) and closing in on $3 billion in annual sales. The wisdom of relying on equity–not debt–was key when the great recession of 2008 hit. Although Lithia needed to trim non-performing dealerships, its balance sheet and operations were safe.
With dealerships from Alaska through the Pacific Northwest and California, Lithia worked in concentrations from the mid-west to New Jersey, New York, and Pennsylvania (18 states). The brands carried vary from Chevrolet, Chrysler, BMW, and Ford to Hyundai, Nissan, Mazda, Toyota, and Suzuki. Determining that the greater value still lies in the West, Lithia’s towns are the communities within the original plan: Anchorage, Alaska; Bend, Oregon; Great Falls, Montana; Missoula, Montana; Santa Rosa, California; Redding, California; Des Moines, Iowa; Grand Forks, North Dakota; and on.
Sid’s son, Bryan DeBoer, with years of experience at Lithia has been its President and CEO since 2012, while Sid is still Chairman of the Board. In 2013, Lithia headed to $4 billion in annual sales. Five years later, the company’s 2018 results were sales of nearly $12 million with net income of over $250 million. Lithia continues to diversify and concentrate more into branded Internet and used-car sales, as well as new car sales. The business employs some 14,500 employees, including 600 in this area, with 70,000-plus vehicles for sale and 190 locations.
Further, Lithia and the DeBoers have contributed strongly to this area. From the Lithia Motors Amphitheater at the Expo ($500,000 donation) and The Commons, Lithia itself has made sizeable donations, including to Dogs for Better Lives, American Red Cross, Oregon Food Bank, and many others. Sid and Karen DeBoer have individually contributed through their foundation well over $1 million to SOU for different programs, as well as purchasing Camp Low Echo (the Girl Scout Camp at Lake of the Woods) and donating this to the Ashland YMCA. They followed this with a total of $10 million in donations to renovate the camp—and space limits where else they have contributed in helping others.
How can you match this: starting out with 5 stores in 1990, still headquartered in Medford, and making a real difference.
Sources: Lithia Motors Website at Company Website; Oakley Brooks, “Lithia Motors: The Art of the Deal,” Oregon Business, April 2006, at Acquisition Strategy; Greg Stiles, “Lithia Motors continues its record earnings roll,” Mail Tribune, July 25, 2018, at Record Operating Results; Lithia Motors: Latest Quarterly Results at 2019 Operating Results; Ashland YMCA: Camp DeBoer at Camp DeBoer.
8:35: Kevin Keating, Jackson County Republican Party Chair joins Bill in studio today. Election hype is starting and soon the JCRPCC will be holding an event to kick off the election season. See below:
2020 Election Day Kickoff & Rally for Republican Values
WHEN: Saturday, November 23rd from 6 – 8PM
WHERE: The Roxy Anne Grange – 1850 Spring Street in Medford
Announcing the 2020 Election Kickoff and Republican Values Rally
We are hosting a Rally on November 23 at 6pm at the Roxy Ann Grange at 1850 Spring Street in Medford, to KICK OFF the 2020 Election Season! Come by to hear from candidates, and prominent Republicans and radio personalities Bill Meyer, and Rose and Garth Harrington, and learn about issues important to our liberties.
RSVPs are appreciated (call us at 541- 770-5277). Look for more emails this month as we have a lot going on.
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