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Re: Alex Beam column
- Subject: Re: Alex Beam column
- From: "Smyth, Sean (CON-COLUMBO)" <email@example.com>
- Date: Sat, 5 Jun 1999 14:01:00 -0400
Mark Schneyder writes:
>They're about to go public with an IPO to get
>themselves out of a heavy debt and cover operational
>losses they'be been suffering in the past two years.
>They already lost over a million in the first qtr of this year.
>WEZE and other underperforming Salem properites were
>placed in a trust a couple weeks ago which probably
>means a quick firesale once the IPOs hit the Street...
Doesn't this totally fly in the face of what we have heard about
Salem: financially conscious, good at managing their properties,
et al. Anyone care to comment?
Sports editor, Community Newspaper Co.
9 Meriam Street
Lexington, Mass. 02421
Phone: (781) 674-7721
Fax: (781) 674-7735