Five Point Holdings LLC Class A (NYSE:FPH)
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- DAN: @bigbartabs $FPH That sounds about right for California. We're a bit "different" out here.
- DAN: $FPH -- Shill Alert! A couple of guys in Five Point (FPH) are yapping about how much California is going to grow. Touting their tax adjustments, repatriation of money, etc. They sound like Horace Greeley. I can tell you that this is laughable. ...
- audrina0904: @DAN $FPH I'm not sure you could pay me enough money to live in CA...Best of luck to those that do. My $700/yr property tax bill in beautiful East Tennessee is just fine with me. :o
- DAN: @audrina0904 $FPH Well, you can multiply that property tax several times for me. But on the bright side...I live in a state where Jerry's cronies are building a $20 billion high speed train to take people to places that they're not going to go. (The current estimate is $10 billion...but the original estimate was $6.4 billion [which everyone knew was bullspit.]). So, when it comes to government projects like this, you've got to multiply by 2, and then double that. If you use that calculation, you're in the ballpark. As for time to complete? See Boston's "Big Dig."
- debeers: @audrina0904 $FPH -its such a shame, audrina. But, to be fair, its always something. When i lived in Iowa, hail storms would routinely make cars look like they had a bad case of acne and frankly, I want to play in snow now and not shovel it. It is a breathtakingly gorgeous state to live in only eclipsed by New England in the fall. The main concern of the pols here is how they can get re-elected and that is probably the case everywhere else too (NP on the FPH).
- debeers: @DAN $FPH ---I have a sister who lives in New York If you want to feel good about our ppty taxes, you should see theirs and frankly their roads are a mess too!
- bigbartabs: @DAN $FPH ... California... yes, but now that we have communists in state government, it will no doubt be fixed soon. Wait til they start messing with Proposition 13... the one and only fiscal reason left to live in CA. Can you imagine if the high tech industry decides its now is too expensive to do business in CA? Hollywood would have to make a few more good movies to carry that water.
- spmeyers: @DAN $FPH the coast of California from San Diego to SF is probably one of the most dynamic economic zones in the world; all those tech stocks we love -- guess where the companies are (not to mention biotech and entertainment); and how about those Warriors! :)
- spmeyers: @DAN $FPH CA is the 3rd wealthiest state by per capita median income, and would likely be the highest if not for the many poor farm workers; https://en.wikipedia.org/wiki/List_of_U.S._states_by_income
- Henry: @spmeyers $FPH It's also ranked 44th in fiscal solvency. https://www.mercatus.org/statefiscalrankings/california None of this conversation is helping us make better trades. Who started this topic? :-o)
- DAN: @spmeyers $FPH Agreed. Too bad the Brown Silver Bullet train is going through the San Joaquin Valley. Nothing to see there except fallow fields due to the Delta Smelt fish, which must be preserved by pumping fresh water into the delta. After all, we can always use more bait. The 99 freeway and I-5 are fast. 99 goes through every town imaginable...and who would want to take a train, get off at the station, and have no car? There are no "cities"...only small podunk towns (like the one I grew up in). Selma, the raisin capital of the world. 8-) Fond memories and I'm proud of my hometown. But I don't go back there often.
| Stock Price | $5.59 |
| Change | -0.53% |
| Volume | 143,843 |
Five Point Holdings LLC is an owner and developer of mixed-use, master-planned communities in California. It is engaged in developing new communities that, in addition to homesites, include commercial, retail, educational and recreational elements, as well as civic areas, parks, and open spaces. Its four reportable segments are Valencia, San Francisco, Great Park, and Commercial. It derives most of the revenue from the Valencia segment which includes the community of Valencia being developed in northern Los Angeles County, California, as well as other lands including remnant commercial, residential and open space land in Los Angeles County. Its principal source of revenue is the sale of residential and commercial land sites to homebuilders, commercial developers and commercial buyers.
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