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john46

john46
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  • Eye on Keweenaw Land Association [View article]
    I have owned this company for about 15 years and it has increased in value by over 20 times since then. Management has done a good job of fending off potential acquirer of the company on two occassions, the last time as I recall at $65 per share. They are to be commended fo their stewardship over the last decade.

    However with the price of silver and other metals now up significantly, I believe they should be more proactive in looking for ways to extract these metals at this time.

    The creation of a REIT to minimize taxes and certainly eliminate the double taxation should also be explored. However, I would not rush to do this as both Democratic candidates, if elected, will undoubtedly do everyhing they can to reinact the absurd double taxation of dividends at a higher rate than the 15% level today as well as raise the rate on capital gains. Should the 15% level on gains be extended beyond 2010, the REIT probably makes sense.

    The management of the company has done a good job for its sharholders. Keep up the good work but don't shut out new ideas, especially if they are simply looking to improve the value incremently.
    Mar 16, 2008. 05:47 PM | Likes Like |Link to Comment
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