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Frank StantonFrank Stanton
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Session:         Page of 755

We then, after we helped develop it, sold it to an investment group in Boston and made quite handsomely on it. I didn't keep any stock in that one. I was nervous about the whole diet program. Not of that company, particularly. It became sort of a fad, and I was afraid that something would go wrong with the foods that we were selling and you'd have an enormous lawsuit on your hands. I thought it was dangerous. So we got out of that--didn't have any trouble, but potentially, I think, there was trouble there.

We bought a steel mill in Alabama. There's a whole string of them.

Q:

Birmingham Steel--that's what you're referring to?

Stanton:

Yes.

Q:

That also was a venture that did very, very well, right?

Stanton:

Yes. Had Coca-Cola franchises from Dallas to Los Angeles. The whole Southern belt. Southwest distribution. But the one that might come to fruition now that's a big one is in the publishing business. It would cost, I guess, between three hundred and six hundred million dollars. So it's a big operation.

Q:

To purchase it, you mean. It's something you're looking at now?

Stanton:

It's being looked at now, yes.





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