On Dec 29, 2009, at 1:56 PM, ShempMcGurk wrote:
--- In FairfieldLife@yahoogroups.com, "Hugo" <richardhughes...@...>
wrote:
[snip]
>
> Given that the aim of buying it was to create
> "coherence" in the financial markets, is the sale
> an admission they are aware it hasn't worked or are
> they so short of cash that it's all gotta go?
>
> http://tinyurl.com/lgkkhh
[snip]
...and once you factor in the millions in renovations the TMO spent
on it PLUS the opportunity cost (interest rate that their original
cost for the property and renovations could have been earning since
then), it sounds like they are in for a huge loss.
Also, one has to wonder what the taxes are?