[ElDiabloJoe]

Originally Posted by OrangeBlossomBaby

Interesting to see who is responding to this thread with a "hey they have the right to cash out" or "it's not surprising." Not just you, but everyone who seems to have this perception or attitude toward the news.

It's interesting, because the concern had come up in previous threads, about what would The Villages do if the Morse family decided they no longer wanted to run the place.

The response was incredibly aggressive toward people who questioned it, saying it wouldn't ever happen, the family is making millions so they'd never cash out, they're successful and love what they do and would never sell...

And here they are, selling off bits and pieces.

I guess those of us who actually thought to ask about it, were right to ask, and the ones who insisted it wouldn't happen, were - sucked in by the kool-aid and now the sugar high is starting to wear off.

Some profit-taking before handing the reins to the next generation is normal and to be expected. Also to be expected is a business to divest itself of assets that were once part of their core focus. When momentum gain or growth is such that said assets distract from the core mission and vision, a smart business that wishes to endure sheds such assets as they lose their value (to the mission, no monetarily) and takes any equity gains from them.