Replies to post #16 on Southmark Corp (fka SMRK)

[Enterprising Investor]

Buffett has taught us one thing...

You do not need to own 100 percent of business to make a great deal of money.

A&B obviously had something in mind by spending the initial $1.8 million in 2000? I suspect the purchase was designed to create a new REIT since the huge NOLCFs have most likely expired.