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To: Edwin S. Fujinaka who wrote (207)5/31/1999 7:33:00 PM
From: TobagoJack  Respond to of 6020
 
Interesting comparison, gives one pause. Good thing about internet is that as a company with assets and talent moves further into the jungle, new ways of growing asets are found. Real estate is a far simpler and therefore limiting game. I agree with you that as long as 9984's debt does not blow up, the future looks good. Alas, the debt level is high, but then we have bought 9984 precisely for the leverage of low yen financing and high cap gain growth.