Is it? Consider the economics of a horse vs a car. Can a horse walk as fast or as far as a car for the same running costs?
Even back when the Model T was first sold it was $850 in 1908. This is $22,000 today. Lets say a horse for a everyday use is $3000 today. With costs of $2000 per year? Would 7 horses last as long as the Model T? Probably.
Just saying, The $50 million already spent, plus the 17 today. $67 million buys a lot more than the original FBR IPO of $5 million. $67 million buys a lot of brick layers. Somuch for Bectel investing a bucket load. What else was everyone exciteds about a couple of weeks ago?
FBR Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
