Comments on: Has Blackstone got it right this time? http://www.bloggernews.net/18386 High-quality English language analysis and editorial writing on the news. Fri, 05 Dec 2008 09:00:09 +0000 http://wordpress.org/?v=2.3.3 By: Walter Zagrobsky http://www.bloggernews.net/18386#comment-66019 Walter Zagrobsky Fri, 27 Jul 2007 21:10:02 +0000 http://www.bloggernews.net/18386#comment-66019 On television today, Sam told Maria Bartiromo, "I've been doing this for many years. The price that Blackstone offered me was seven or eight years ahead of the correct value. I couldn't say no. It would have been unfair to shareholders. Enough housing for Americans was built by late 2005. We're making our real estate profits outside of the US. Lots of it." Maybe that "12 years too soon" was mitigated by extraordinary greed and lack of experience. Sam Zell is always reluctant to sell. On television today, Sam told Maria Bartiromo, “I’ve been doing this for many years. The price that Blackstone offered me was seven or eight years ahead of the correct value. I couldn’t say no. It would have been unfair to shareholders. Enough housing for Americans was built by late 2005. We’re making our real estate profits outside of the US. Lots of it.”

Maybe that “12 years too soon” was mitigated by extraordinary greed and lack of experience.

Sam Zell is always reluctant to sell.

]]> By: russ http://www.bloggernews.net/18386#comment-57448 russ Mon, 09 Jul 2007 20:41:43 +0000 http://www.bloggernews.net/18386#comment-57448 I'm a believer in the 18 -20 year Stock/Real Estate Cycle. This theory says that we are only about seven years into a Real Estate upswing. If this theory is correct, then Mr Zell sold about 12 years too soon. I’m a believer in the 18 -20 year Stock/Real Estate Cycle.
This theory says that we are only about seven years into a Real Estate upswing.
If this theory is correct, then Mr Zell sold about 12 years too soon.

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