Value Microcaps Motherboard

[lentinman]

Bobwins: Stanu: MDF:

I don't own it, but it is working its way toward a price that I would consider. Just a couple thoughts on the counties involved. As you may recall I spent 2 months in Charlotte County last summer. For months prior, and during the time I was there, I spent all my time on demographics and miscellaneous related issues.

The entire Sun Coast south of Tampa is one big retirement area. Almost ZERO industry. It consists of 5 counties. Sarasota, Charlotte & Lee are the middle three. Charlotte county is the middle of the bunch. It has the oldest average age of any county in the United States! Lee and Sarasota less so, but still plenty old. I went there to invest (pre Charley) and it still may be a good area. I'm obviously not interested today with my concerns over a housing bubble. However, I do believe that unless hurricanes start hammering Florida annually, that the Sun Coast south of Tampa is THE area for long term retirement in the United States for the next 20 years. I have lots of reasons for that opinion that I won't bore you with.

Having said that, there is one consideration. As I drove around the area - which I did everyday for 2 months, I noticed there were buildings that used to house medical facilities of some type, but had not been able to make it. The market is there unlike many other markets in the world, but it isn't like it is new news. There is already a massive number of medical facilities and personnel there in preparation for this mass influx of retirees.

I would think that unless a company already had some footprint or inroad, it would be very difficult to get started. However, if they do, the market is potentially incredible.

Len