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.
Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: CYBERKEN who wrote (48420)4/19/2002 3:03:17 PM
From: JDN  Respond to of 64865
 
Dear C: You are probably right. I have audited Land Development companies where the UNRECORDED value EXCEEDED the recorded value of a company due to zoning changes, increases in land values and the like. Hard for anyone not intimate with the company though to know of those situations. A famous one was the Pennsylvania Railroad MANY YEARS ago. It APPEARED BANKRUPT and stock went to HELL, BUT it owned AT NO COST the RIGHT AWAY along its tracks which over a century or so had ESCalated into tremendous value. Those people who understood that MADE A FORTUNE. jdn