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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (57562)	7/12/2006 11:13:31 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>Super rich always seem to get even richer even as their stock slides.<<< We have all seen the Tolls, Hovnanian, etc. insiders sell at the top a year ago. I am an old Philly boy. I see that Robert Toll has taken a big stake in the Philadelphia Inquirer. I don't understand. I am quite sure that the internet will kill newsprint, although it is still comfortable to read on the train in the morning. The flexible, flat panel display will be along shorty to take that edge away. I am sure the content is still valuable - I would probably pay $1,000 for my WSJ on-line subscription, even though today it only costs about $89 annually. (Please don't pass that on). With the content came the old mechanical presses, lots of workers with pensions and high downtown salaries, unions, and real estate of questionable value. If it were me, i would have purchased only the name and the rights to the best writers, and moved the outfit to the suburbs. Toll bought the whole ball of wax. I don't understand. I haven't a clue what Hovanian is doing with his sale proceeds.