Replies to post #11806 on PAO Group Inc (PAOG)

[Brentkelley24]

Add about 4% inflation compounded to 2008 and 25% added to the tax appraisal.

[lancefz]

and exactly what does this have to do with this stock?at least a building is there.you have to realize that this company is sorrounding themselves with people they trust.at least paul taylor didnt own the building...course maybe if you go far enough back he did

[rstar]

a building in my neighborhood bought in 1996 is easily worth 4x its value. and renovation costs, as you obviously seem to not be aware of the rising costs of real estate and construction, are running around $200 a square foot these days and this building is 2400 sf. and assesed values are usually a far cry from market value.
where did you get your market value from?
when was that assesment from?



Posted by: Sylvrewynde
In reply to: sammyboypa who wrote msg# 11804
Date:4/25/2008 4:50:12 PM
Post #of 11921

Must be a pretty dilapidated building if it will take $200,000 to renovate when it's only worth a bit more than $90,000. Especially since Brian bought it for mid $80's in 1996.