Global Value Investing

[throwerw]

Remember they borrowed about half of the purchase price, and we estimated that the market value of the property had roughly doubled based on recent transactions in SF.

This year should be better than the last. It's just soooo cheap right now and I would feel totally comfortable parking money there and forgetting about it for a decade. The only thing that is missing here is a catalyst. City Telecom probably has better upside over the next 2 years.