Was Baupost’s Mega-Quarry Investment A Mega-Mistake?

Perhaps it was bad foresight on the part of Highland, which showed signs of mismanagement since the beginning, if not from a project viability perspective, certainly with respect to PR.  For at least three years, it hid its land use agenda, having its purchaser claim that the small farms it ate up would be used for the legacy industry, potato farming (a claim that turned out to be patently false).  Numerous missteps in the wake of the proposal filing in the Spring of 2011...

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Posted on the "Value Walk" website, by ValueWalk Staff, January 5, 2012