Baupost Might Lose Money on Mega-quarry Investment

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Published on Monday, 30 January 2012 15:00

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Back-of-the-envelope math once told a story that estimated $43B profits for the mega-quarry project.  This was based on the assumption that most or all acreage named in the proposal (2,316 of Highland’s 9,000+ acre holdings) would be used for the extraction of aggregate, and would yield an estimated $18M revenue per acre.  Yet, pointed questions around the specific use of the land told a different financial story.

http://www.valuewalk.com/2012/01/baupost-might-lose-money-on-mega-quarry-investment/#.TycU1oH4I7F

By Kim Palacios

Posted in "Value Walk", January 30, 2012

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