Phoenix Associates Land Syndicate (fka PBLSQ)

[cash2go]

I don't think PBLS can match that margin

Martin Marietta reported that in their last quarterly. In the Katrina area I think prices go up and margins would be higher.

Interesting when I saw the June update:
Phoenix has, as of this writing, three operators under contract wiThis first acquisition is the foundation of "Phoenix." Phoenix has divided the 820 acres that comprise the Murphy Sand and Gravel operation into 50-acre or 100-acre parcels that Phoenix is contracting independent operators to mine. By doing so, Phoenix has removed all of the unknown operational cost of the mining business and has a guaranteed gross profit per ton of material sold.
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3 operators under contract and land is divided in 50-acre or 100-acre lots. Recently company expects full operation mean
10M annually with 600T profit equals 6% margin.

Isn't that screaming sale the operation. It's much more valuable to the big guys or to land one as a contractor and get a payment upfront plus royalties. Royalties could still stay at 6% and everyone makes mucho cash (US).

Challenge folks if this hits .50 (who knows what is going on) a pledge to donate 10% to Katrina Charities. We are afterall benefitting from their misery.