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Old 09-15-2018 | 01:36 PM
  #4  
9easy
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Joined: Feb 2012
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Reading this presentation was very disturbing. Personally I'd be much more worried about this project now than the other obvious risks that still face the company. The $400m plus of outlay for this single resort could have paid for a fleet of 20+ brand new A220s in cash. But that $400m is only a down payment on what could be billions in liability and costs. Hope my fears are proven wrong, but investing in Florida real estate at the end of the economic cycle is very worrisome.
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