This is a big deal for the authority. It opens the door for them to get moving on the 120 million expansion down there that they need really bad.
More Quotes from John Zimmerman:
I think what we've seen over the last couple of months is an investor shift from being concerned about inflation and interest rates, to being concerned about the economy and earnings growth. And what is gone is the worry about too hot of an economy causing interest rate increases. Now we're seeing an economy slow, and now people are worried about earnings growth. So it's out of the frying pan, into the fire, if you will. We don't believe inflation is a problem.John Zimmerman
The next year is likely to be fairly volatile based on event-driven news with regard to the lawsuit, ... Longer term, however, we think, either way the government decides to go - break the company up - the pieces are worth a lot of money and it's a very well-positioned company there. I think investors will make money on that side. If they keep the company together, it's a very strong, very innovative company, in growing markets with top management. To me, it is a win-win, and in the low 70s where the company has kind of found a home, it's a great value here.
John Zimmerman
Our belief is that it is a basket of well-diversified companies that are playing the Internet, but are not direct Internet companies.
John Zimmerman
This decision shouldn't be discouraging. It was trying to reflect the specific nature of the site in East Haven. It wasn't trying to address how another site will work.
John Zimmerman
These results are highly encouraging for the overall property potential and we plan further definition drilling along Zone I and the other Zones identified on the property with the objective of defining additional resources on the property.
John Zimmerman
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