the only public 2 that have worked are when a major investor loses too much money with incumbent management and are explicitly (joe) or implicitly (tpl) forced to run the company.
ironically, the 'best' land from a residential perspective (california, hawaii) have been the worst plays for 3+ decades.
Those are some good observations. I’m hopeful with Alico because I think once they have a decent harvest they will trade closer to a historical book value
alico-type land plays are tough.
the only public 2 that have worked are when a major investor loses too much money with incumbent management and are explicitly (joe) or implicitly (tpl) forced to run the company.
ironically, the 'best' land from a residential perspective (california, hawaii) have been the worst plays for 3+ decades.
Those are some good observations. I’m hopeful with Alico because I think once they have a decent harvest they will trade closer to a historical book value