Right, Dennis, that's why the stock is so cheap. However, the losses
stem mainly from the expense of refurbishing and rebuilding. It's like buying a speculative penny stock, but not as much of a worry as
a penny stock. However, it is definitely for the expendable part of
your portfolio, and only for the long term. If the company doesn't
meet expectations, the stock will go back down and MCA, that is, the
Bronfman family and Seagram, will probably buy the rest of the stock
if the government doesn't raise antitrust concerns. And if that were
to happen, there's no way to tell what they'll pay for the stock, maybe only a dime a share? Oh, by the way, my wife wants to know
the location of Navy Pier; she can't remember exactly but she thinks
it's around Outer Drive East. |
