Replies to post #18468 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

Thanks monkeyfrog for the link to the business history of PA.

My biggest concern about Pebbles has been the authenticity of the management.
The list of businesses PA has been involved with since 1973 seems to show a pattern of start ups but no long term success.
Pebbles was in the right place at the right time after huricane Katrina and apparently is cashing in on the resulting rebuilding effort. PA has shown tenacity in establishing businesses but seems to be weak on following through with solid business management. Hopfully he is now using his past experence to keep Pebbles on solid ground.

I believe Pebbles has great potential as the rebuilding and resulting revenue should provide a steady cash cow for many years to come. PA is taking advantage of the situation to expand and diversify buying into weak business opportunities that will most likley rebound as New Orleans continues rebuilding.

With stratigic acquisitions Pebbles should be increasing revenue in many areas. The largest concern of shareholders then will be the business management practices of PA and company. At that time I would like to see less wheeling and dealing and a focus on making Pebbles a PROFITABLE company which is quite different than a revenue producing company.

Time will tell whether we will go Boom or Bust......... but so far it is an interesting ride.