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Alico Inc. Message Board

  • rufus_jones_the_3rd rufus_jones_the_3rd Aug 21, 2011 8:23 AM Flag

    Uncle John said " I do " & made a

    boatload of money. Then he turned down $ 70 / share...not in the shareholders best interest. During that time, he consistently executed sales contracts for block of land that he was willing to finance at 3 % - in an era of 6 % money.

    What will happen is that the family will eventually get tired of not owning it all & buy out the public shareholders. Good if you own it then, bad if you are a family member.

    Buy a company where management has a brain.

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