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C David Donaldson

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October 30, 1989 | DOUGLAS FRANTZ, TIMES STAFF WRITER
Like many Texas businessmen in 1985, Tom Lundberg was being squeezed by collapsing real estate prices. But he hit upon a novel solution: buying a New Mexico potash mine at a time when the potash industry was as bad off as Texas real estate. Peculiar as Lundberg's plan might have seemed, a clue to his intentions may have emerged at the closing of the potash mine sale on Dec. 31, 1985. He and his lawyer, John N.
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NEWS
October 30, 1989 | DOUGLAS FRANTZ, TIMES STAFF WRITER
Like many Texas businessmen in 1985, Tom Lundberg was being squeezed by collapsing real estate prices. But he hit upon a novel solution: buying a New Mexico potash mine at a time when the potash industry was as bad off as Texas real estate. Peculiar as Lundberg's plan might have seemed, a clue to his intentions may have emerged at the closing of the potash mine sale on Dec. 31, 1985. He and his lawyer, John N.
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