Overall, CPL's a miraculous story of survival while the Celtic Tiger was being slaughtered... Of course, management owns a
substantial stake — this really makes all the difference
when things go wrong, as protecting & growing the ultimate value of the business is far more important to them than the value of their pay packages.The company did suffer two years of decline (2009 - 10), but
revenues have come surging back ever since, and in 2012 they surpassed prior (2008) peak
revenues.
With careful planning, Section 1031 and Section 121 of the Internal
Revenue Code (IRC) provide opportunities to shield - if not eliminate -
substantial capital gain taxes
when selling a primary residence converted to a rental property and a residence with an office.