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

To: MulhollandDrive who wrote (182267)	2/6/2009 5:28:37 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

friday's bank closing: SAN FRANCISCO (MarketWatch) -- FirstBank Financial Services of McDonough, Ga. became the seventh bank of 2009 to fail and the 32nd of the recession on Friday, according to the Federal Deposit Insurance Corporation. Regions Financial Corp. said it will assume about $285 million in total deposits from FirstBank, and that the FDIC will retain most of FirstBank's loan portfolio for later disposition. marketwatch.com.

To: MulhollandDrive who wrote (182267)	2/6/2009 9:16:57 PM
From: ChanceIs	Read Replies (4) \| Respond to of 306849

Soooooo. Its time to short St. Joe (JOE) again, ne c'est pas??? I having trouble remembering WCI, the Florida builder, which Carl Ichan tried to take over. They turned him down at $25 because they could "unlock the value" w/o Ichan. I need to look at St Joe again. A lot of its business is pulp wood for.......NEWSPRINT!!!!!!! Does everybody know where newsprint is headed??? Let me put it this way. Newsprint is headed to the same place as this thing which I would venture to guess that 40% of the readers here have never seen and/or are capable of describing its place in existence................... - - - - - - - - - - - - - - - - - - - - This is a Claes Oldenburg sculpture of a typewriter eraser, found in the Sculpture Garden at the National Gallery of Art in Washington, DC. Hell, probably 20% of you have never seen a typewriter. I bet 10% have never seen a line printer. Bottom line - I think that pulpwood is going away and St. Joe might be a great short.