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Tuesday, 02/20/2007 4:02:55 PM

Tuesday, February 20, 2007 4:02:55 PM

Post# of 79921
Thoughts on Cherokee Environmental Construction...

Saw all the links you guys posted as well in my search but they all seemed either too small to pull off a $20M contract or only operating in states too far away to make buying MS&G product financially feasible.

I don't have Edgar resources right now, but these guys fit the bill for size (buying power) and location (36 states) but the name is different for the parent company. If it is them, they probably run different LLC's for each project to reduce liability and so Cherokee Environmental Construction could be one of the LLC's under the parent.

Check them out at:
http://www.cherokeeinvestmentpartners.com/

Cherokee Investment Partners is the same company as Cherokee Environmental Risk Management and several other variations of the parent name. They buy brownfields, mitigate the environmental liabilities, and then sometimes sell them to other developers and do the land planning, or sometimes partner with a developer to develop the brownfield themselves. GREAT business model by the way if you have the financing in place to underwrite clean up of the initial site and do the land planning.

I know they are/were near St Tammany Parish based on page 6 of http://www.ncbrownfields.org/pdf/Cherokee_Public_Private_Sector.pdf, but I can't be certain that they are our guys. Actually, they'd probably be the guys that Mitchell would sell the pit to after Phoenix depletes it in a few years.

Anyway, could definitely be wrong, but just kicking up my heels on a beautiful sunny day at the beach after surfing and thought I'd pitch in my two cents.

Ren


"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org

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