SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Leisure Canada LCAN Cuban Hotel stock
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hart who wrote (10)3/24/1999 10:41:00 PM
From: The Barracuda™   of 52
 
It is my understanding that:

The Cuban gov't owns 49 % and pays 49% of all development costs. To the extent that Cuba doesn't pay it's share of the costs, its % is lowered.

The business deal with LE MÉRIDIEN has Le Meridien paying the other 50 % of development costs. Le Meridien gets only 10% of Leisure's interest for the required 50% contribution of costs. The implication of the LE MÉRIDIEN transaction is that LE MÉRIDIEN must see a gigantic cash flow from the hotel business. Also, if the US embargo is ever removed the business will be even better I think.

CNN the TV network has done a special on Cuban investments and LCAN is supposed to have been a big part of the special which I hope will get investors interested in the stock.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News