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Schwab Intermediate-Term US Trs ETF Message Board

  • lrr1952 lrr1952 Jun 2, 2002 7:34 AM Flag

    Time To Stop Investing

    10K filed 5/31/02 shows write-down of $3+ mil for investments in start-ups that went belly-up. That led to loss in 3rd Q. If the big guy would stop whipping out his checkbook, and instead kept it in his pants, this company would be a cash cow. AND, if they ever sell the 30 acres of land in Waverly PA ....

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    • Sounds like you are informed. Do you know if he quit investing and starting thinking about shareholders? Also, how much is the land worth? I have read past SEC filings and see no mention of land. Can you point me to the place. Thanks.

      • 1 Reply to DONCJONES
      • the land consists of 29 acres plus a 30000 sq ft building on 5 acres. it was owned by biofor, a subsidiary. it's vacant and in waverly pa (which is boondocksvilleissimo). according to 10-K, it's difficult to sell, written down and will take years to get rid of. what were they thinking? probably some sort of a regional distribution center. oy vay!!

 
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