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Strategies & Market Trends : Value Investing

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From: Frank Sully10/18/2021 9:47:26 PM
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BWEL Annual Meeting Notes:

Boswell is now a debt free company with over $100 million in cash. They plan to use that money to plant 5,000 more acres of pistachio trees, bring the total to 20,000 acres by 2025. They claim that even with the drought they have enough water to keep those trees going. After ten years of growth, pistachio acres yield $5,000 in profit.

Finally, after a century of growing cotton, they have figured out how to use their water rights to grow high value crops. In old days, they were afraid to plant trees because their land can get flooded. Now with global warming changing rain patterns and such high demand for water in California, they no longer think this is a possibility.
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