I would have to agree with everything you say. On the positive side, it would seem that the more good deals you do (like Belmont has under its belt), the better your reputation becomes and perhaps the pickier you can be on who you resell to. On the negative side, flipping a shell for quick, nice profit isn't bad either.
When Michael Klinicki posted the 3/7/2010 shareholder letter on the website, I think he also put up a new picture. If you do a right-click "properties" check on that particular image, it could provide a possible clue as to what general type of RM may be coming here.
I suppose it could be nothing more than a complete coincidence, but I think it is rather interesting that of all the city images out there to choose from he picked one of Beijing, China.......
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