October 30, 1989 |
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.