Replies to post #27424 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Realperson]

Im still here 1 mil + stong

Dont post because I dont have anything to add and thank Tumtrade, Shiz, and others for their insight.

[momentumtrader]

I am going to call the company tomorrow and ask very specific questions to to help dispel some of the rumors that are flying around on this board. Let's face it. If this was not such a good buy, there would not be so much volume in the stock. No one in their right mind is selling. So half of that has to be buying. The company has already announced they feel the best acquisition so far has been Best Jets.
I find stocks that are falling apart, usually fall apart on small volume. This is a very unusual situation. If you look at a four-month chart, the volume has been increasing. Yes, possibly a little less money, but it is rare for the volume to be so strong in a stock that has been falling so heavily.

[asus]

>>In regards to all the worry about Murphy Sand and gravel.
They were very clear in their shareholder update press release
which was on September 26 that they were to legal actions in regards to the pit. I copied it below. The pits are a very small part of their business. They are talking about earning $206 million this year and only five to 8 million from the pits. This is not a substantial part of their business.

This is their entire business. PBLS is not earning $206 million, it's probably more like $15 million, and 70% of that is coming from the pit.