Quote:
Originally Posted by Cecil Terwilliger
Lol. Are you serious right now? It has probably tripled in value in the previous 25 years but a one year 6% decrease somehow proves it's a bad investment.
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Given the risk and amount of the original investment...it's not that good either. Rule of 72 would suggest an annual return of about 4.5% to triple initial investment in that timeframe.
Not a junk bond by any stretch, but that's a low rate of return.
Both sides have a point. It's not a venture that the Flames cannot afford to finance on their own. It's also a venture that the city of Calgary should avoid buying into.