Stephanie Tran
Stephanie Tran
amount direction enormous land public recognized step stock
We think it is a step in the right direction. We think at $33 the stock is undervalued as a public company. There's an enormous amount of land that is not being recognized by being a public company.
amount assets balance book cost eight estate gone land last market money obviously price quite reflect sheet stock value worth
The book value is really only the cost of the land and the amount of money they've put into the land. It doesn't reflect the market value of the land. In the last eight years, real estate has gone up quite a bit. Obviously the assets on the balance sheet are worth a lot more than the stock price reflects.
bit direction fair looking percent premium price step
We think it's a step in the right direction, but the price is a bit low. We don't think an 8 percent premium is a fair price. We are looking for a 20 percent premium.
duties entire fulfill sale urge
We urge you to fulfill your fiduciary duties to all shareholders by immediately initiating a sale of the entire company.