| Name: |
Lakeman
- 
|
|
| Subject: |
" IF? "
|
|
Date:
|
4/18/2007 11:06:10 PM
|
If the lake level never came up past 486', who would own the additional property exposed by the lack of water?
|
| Name: |
rude evin
-
|
|
| Subject: |
" IF? "
|
|
Date:
|
4/18/2007 11:19:43 PM
|
Who ever holds the lease to the dam,............ which may not always be APC!!
|
| 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.
|
| Name: |
rude evin
-
|
|
| Subject: |
" IF? "
|
|
Date:
|
4/19/2007 9:53:57 AM
|
Motorman.......I think if you re-read the Form 10K for the year 2006 for Southern Company filed in Feb 27,2007 it will show that the "other" part of their operating revenues ( which would probably include real estate leases) was only 1.8% of the total of $14.3 billion.
|
| Name: |
PikeSki
-
|
|
| Subject: |
" IF? "
|
|
Date:
|
4/19/2007 2:15:55 PM
|
I would guess that APC would still own to the 490' mark.
|
| Name: |
Osms
-
|
|
| Subject: |
" IF? "
|
|
Date:
|
4/19/2007 4:18:42 PM
|
Since the lake is about 150' deep at its deepest, I would guess APCo owns (or controls) to the 340' level.
|
| Name: |
8hcap
-
|
|
| Subject: |
" IF? "
|
|
Date:
|
4/19/2007 5:07:22 PM
|
they probably have the mineral rights, so theoretically they go to the center of the earth.
|
| Name: |
MotorMan
-
|
|
| Subject: |
Sorry
|
|
Date:
|
4/19/2007 5:56:52 PM
|
Sorry. I stand corrected. I was quoting from memory. I still think that on a pullback to the $33 area, it will be a buy.
|
| Name: |
MotorMan
-
|
|
| Subject: |
Sorry, was I out of date !!
|
|
Date:
|
4/19/2007 6:08:19 PM
|
Here is a link to SO and its price chart. It has not seen $33 on a long time. I was tring to get a friend to buy it when it was $33 on a pullback to under $32, which it made.
URL: Southern co. stock price chart
|
| Name: |
rude evin
-
|
|
| Subject: |
Sorry, was I out of date !!
|
|
Date:
|
4/20/2007 9:15:50 AM
|
Motorman.......by the way I meant to say also that I agree with your assessment of SOCO......................I wish it would pull back to $32 for a trading day!!
|
| Name: |
MotorMan
-
|
|
| Subject: |
or really?
|
|
Date:
|
6/9/2007 10:58:05 AM
|
On the rise in interest rates it has gone down. A buy at some point.
URL: price chart
|
|
New Post
Search
Lake Sinclair Topics Forum
Reply
»
Georgia Lakes
»
Lake Sinclair
Login
|
Home
