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Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?

To: Wayne J. who wrote (2952)	4/3/1998 4:43:00 PM
From: Novice Bob	Respond to of 6654

Wayne J: I spoke to Keith today, I will share some of my conversation with the thread; Our company recently signed a lease on a property for a tire use. We could have done almost anything with the property. You always try to maximize your position first. We marketed the property to the highest rent payers (they are making the biggest profits and can afford the most rent). We ended up signing a large privately held tire company with ñ400 stores on a very long term lease. Goodyear previously had a 20 year lease on the property which recently expired, they had a mental block about paying the rent we wanted. Anyway, my point is, you start at the top of the food chain when you are looking for a Tenant, turns out a tire store could afford to pay the most rent. In the retail property business, you can see what retail business are doing well by their ability to capture prime locations. Like was mentioned earlier on this thread, nearly everybody needs tires, there must be good margins, because the only other tenant types (drug stores and video stores) can pay the rent we were able to obtain. Competition is hot in today's economy, mom & pop's have long term customer bases but they are being squeezed by economies of scale. If CVIA and WODT can pull off this merger and acquisition, the type of business they are chasing is tried and true, and the margins must be damn good also going about the process from a public company stand point gives they even more advantages over privately held companies. In the past few years, the big commercial property holders wanted to expand, how did they do it..... REITs. Many advantages..... Robert