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(Mitchell Lake Specific)
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Name:
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Catherine
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Subject:
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I wish I knew everything
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Date:
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2/28/2008 11:29:48 AM
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I'm not, and never have been a realtor. I have never been in any business that was in competition with RL.
Gene Davenport was forced to resign (and not due to his health reasons), which is why Tom is there now. I own(ed) Russell Corp stock, and FoL. I also trade in oil. I am not concerned with money, for while I certainly don't have as much as Russell Lands, I have more than I need, and unlike Russell Lands, I owe no one anything..
I am a "professional acquaintance" of Russell Lands, and personal friends with several of its current and former principals (including Gene and Ben). If you think Gene is happy, or that Ben is fully aware, you don't know them or their company very well.
Whatever....this has grown into more than it was intended. In my opinion, RL is heading down the road that will lead them to theiur ultimate demise. Ben will be gone, Gene will be gone, Tom may even be gone. But the decisions they are making today (and that credit has to be given to Tom, Steve, and the remainder of the current regime) have already put the company in a political and financial position it had never even hinted at before. Public sentiment is now decidedly "anti-Russell," and never before has the comapny been on the line for over 1.2 billion (with a "B") in debt.
I honestly couldn't care less. In my opinion, this area will be in a better position economically and environmentally when Russell Lands is merely a bankrupt memory from generations ago. I just commented on my belief that we are here to see the beginning of the end, and evidently others are noticing it as well (whoever is putting up the "Tom's" signs, at least).
I hope your day is wonderful, and that oil and land continue to rise :)
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