Because fuck phoenixes

Oh, phoenixes. Phoenixes, phoenixes, phoenixes.

They're toxic assets right now. There are 8 of them on the forge market for less than they cost to build, and still nobody's buying. I have four phoenix hulls gathering dust right now, and the time has come for me to give up on waiting for the market to recover and put that money back to work. Fortunately I'm not a complete moron, so I won't be selling them for less than mineral price. Instead, I will be reprocessing them. It works like this:

1. Phoenixes are reprocessed into capital ship components. This entails a 5% loss (EDIT: Assuming no standings), or 1950*4*0.05 = 390 million.
2. Launcher hardpoint components are further reprocessed into minerals, since I don't expect to have any use for them in the immediate future. This entails a negligible loss.
3. The components (and the minerals from launcher hardpoints) are used to build ships on which actual profits can be made. Since everything except the phoenix has margins much larger than 5%, I make a profit from this.

This, of course, begs the question: If reprocessing phoenixes to build other things is a good idea, should I buy phoenixes off the market to reprocess? To which the answer is "yes, but I'm not going to." tl;dr is as follows:

1950*0.95=1850, so reprocessing a phoenix which is selling for less than 1850 million is cheaper than buying minerals. The cheapest phoenix on market is 1725 million, which is a savings of 125 million. Taking advantage of this would entail spending liquidity on ships, moving the ships to my building system, reprocessing them, and playing spreadsheet-fu. I currently have enough liquidity to buy 4 phoenixes, which would save me 500 million isk and involve hours of work. In short, I would be expending actual effort in order to make the sort of money I usually get from the sale of 1 to 2 hulls. This is unacceptable.

Somebody else might consider making a go of it, though.


Anyway, the personal effects of this will be as follows:

1. Three runs (59, 62, and 64) will show phoenixes sold for 0 isk, because tracking their value would involve effort.
2. The runs which receive the components and minerals will show silly margins and profits, because tracking the value would involve effort.
3. 7 billion isk will disappear from my net worth, and only reappear when the ships built from the recovered components and minerals are sold, because tracking the value would involve effort.