| Why
STRATUS STINKS
who owns stratus And what does Stratus Own?
| Shares
Outstanding |
7,112,000 |
| Institutional
Ownership (%) |
29.80 |
| Top 10 Institutions
(%) |
29.80 |
| ''Float"
(%) |
56.24 |
| 5% Insider Ownership
(%) |
43.76
|
| Mutual Funds
(%) |
4.02 |
Source: SEC reported insider positions
as of Feb. 2000.
Top 15 Institutional Owners
| OWNER |
SHARES HELD |
(%) |
Ingalls & Snyder
|
1,3644,050 |
19.2 |
| Dimensional Fund Advisors |
404,792 |
5.7 |
| Pinnacle Mgmt & Trust |
111,700 |
1.6 |
Vanguard Group
|
76,650 |
1.1 |
Neuberger Berman
|
75,317 |
1.1 |
Mellon Financial Corp
|
34,221 |
.5 |
Oppenheimer Funds
|
29,166 |
.4 |
Barclay's Global Investors Intl
|
20,475 |
.3 |
Banc One Investment Advisors
|
2,500 |
-- |
Deutsche Bank Securities
|
292 |
-- |
| US Bancorp Asset Mgmt |
263 |
-- |
| Bear Stearns Asset Mgmt |
214 |
-- |
Fleet Investment Advisors
|
101 |
-- |
Manufacturers Securities Services
|
100 |
-- |
Wells Fargo Bank
|
30 |
-- |
Individuals
| OWNER |
POSITION |
NET
VALUE
OF SHARES |
Robert L. Adair III
|
Director |
$12,000 |
Carl E. Berg
|
Shareholder |
$2,470,900 |
Source: SEC reported insider
positions as of Feb. 2000.
Freeport McMoran spun off FMP
as a separate entity in May 1992. Each shareholder got one share
in FMP for every ten they held in the Freeport McMoran. FMP's
game plan during the 1990s was to sever financial dependence
upon Freeport, which guaranteed its debts. To that end, FMP
steadily reduced its outstanding debt from $473.8 million in
1992 down to $25.5 million in 2001. Changing the name from FMP
to Stratus was a further move to de-emphasize ties to Freeport.
what does Stratus Own?
Based on Stratus' disclosures to the Securities
and Exchange Commission,
Stratus holdings
| PROPERTY
HOLDING |
LOCATION
(watersheds; principal roadways) |
SIZE
(acres) |
COST
BASIS (Million $) |
| Circle C Ranch |
Slaughter & Bear Creeks in
Barton Springs recharge zone; S. MoPac, Slaughter Ln, RM
1826, SH 45 S. |
1,253 |
18.331 |
| Barton Creek Properties (BCP) |
Barton Creek watershed in the
contributing zone; RM 2244, Southwest Parkway. |
2,273 |
62.742 |
| Lantana |
Williamson Creek in contributing
zone; Southwest Parkway, West William Cannon Drive. |
465 |
6.707
|
Source: 2000 Annual Report
|
