Lake Martin Topics: " IF? "

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	Name:	MotorMan -
	Subject:	" IF? "
	Date:	4/19/2007 9:00:24 AM

Ultimately, the land is owned by Southern Co.(SO). SO is an excellent stock to own. It went from 99% of profits on electric sales with 1% other in 1981 to 5% other last year. Also, ~ 233 quarters without missing a divident payment and a stock price of 1981 ~ $3 to $36 today.

Much of this increase in other is land rentals which have little operating cost and rentals prices that go up, up up. Sometime in the '80's a friend built his house on a APC lot with a $100 per year lease. Smart man, he tried to buy his land and was offered a $16,000 price. That is 160x the annual rent. Standard for farm land for a century before was 15 or 16x the annual rent. He paid anyway.

Other messages in this thread:

View Entire Thread

" IF? " - Lakeman - 4/18/2007 11:06:10 PM

" IF? " - rude evin - 4/18/2007 11:19:43 PM

" IF? " - MotorMan - 4/19/2007 9:00:24 AM

" IF? " - rude evin - 4/19/2007 9:53:57 AM

Sorry - MotorMan - 4/19/2007 5:56:52 PM

Sorry, was I out of date !! - MotorMan - 4/19/2007 6:08:19 PM

Sorry, was I out of date !! - rude evin - 4/20/2007 9:15:50 AM

or really? - MotorMan - 6/9/2007 10:58:05 AM

" IF? " - PikeSki - 4/19/2007 2:15:55 PM

" IF? " - Osms - 4/19/2007 4:18:42 PM

" IF? " - 8hcap - 4/19/2007 5:07:22 PM

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