No it's not - because that's exactly what the new purchaser did .
Your logic has no depth to it .
It doesn't matter if HE did it , what matters is that it was done that way .
You obviously have not owned a business . The object is to make money and not to break even .
I do not, but I do manage a facility that cranks out gross quantity products. I am well aware of how expenditures and overhead vs income works.