Replies to post #58239 on Sulja Bros. Building Supplies, Ltd (SLJB)

[greenspirit]

I may not be making any sense here, but let me try it from another angle.

In China, which is a communist country, land is not owned by individuals or corporations the way it is in the states (until fairly recently). So, if you were Kodak and built a billion dollar plant on a piece of property, unless you had a special status of ownership by the government of China, they could take the land and all the assets at the drop of a bureaucratic declaration. In that case, could Kodak declare the value of that asset on their corporate balance sheet? I'm just asking here, because I really don't know. I suspect they could not.

Perhaps in Dubai, that same sort of situation exists, but, now the government is opening up to foreign investors the opportunity to own the land and property upon which that land is built, in order to encourage more investments? In that case, a company could declare ownership of the property on their balance sheet provided they had government approval.