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Laboratory Corp. of America Holdings Message Board

  • cyberstockjock cyberstockjock Mar 30, 1998 12:40 PM Flag

    Labcorp City

    Lab Corp appears to be more interested in real estate transactions rather than what most of us associate the company with.
    They practically own or rent the majority of buildings in downtown Burlington, NC and own or rent a large number on the outskirts
    of Burlington and Elon College. They have just recently built an enormous facility between Burlington and Elon College. I have
    never seen a company with so many offices in one area. You would think the company was actually making money. Wonder if the
    leading executives ever plan to do any consolidation or does some executive within the company hold a real estate license and plan
    to continue this process. Unfortunately what is good for the company will not be good for Burlington and at some point the
    company will be forced to make decisions regarding cuts, consolidations and more sell offs of its businesses in order to make a
    profit. Downtown Burlington will then be reduced to a ghost town, not to mention what it will do to the local economy and employment
    rate.

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