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From poverty to private plane
Old 08-10-2007, 03:25 PM   #1
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From poverty to private plane

Interesting story in the LA Times today:

Lots of black ink now - Los Angeles Times

Nearly a decade ago, a tiny group of monks in this rural stretch of western Wisconsin realized they might have been too successful at following a vow of poverty.

Today, thanks to LaserMonks Inc., which sells computer printing and office supplies over the Internet -- the abbey is rich.
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Old 08-10-2007, 07:38 PM   #2
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Inspiring story -- with a little imagination and luck anything can happen.
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Old 08-10-2007, 11:54 PM   #3
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Technically, the monks take vows of poverty for life. None of what they have, except for their personal possessions, belongs to them, it belongs to the Catholic Church. The tone was a little sensationalistic. However, they do spend the Church's money on interesting things (like a train set).
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Old 08-11-2007, 02:18 PM   #4
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What a cool story! Thanks for sharing.
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Old 08-11-2007, 03:42 PM   #5
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Quote:
LaserMonks pulled in about $4 million in sales last fiscal year, and is expected to reach nearly $7 million in 2007.
Sounds like a buying opportunity. What is their ticker?
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