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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (7583)6/25/1999 1:55:00 PM
From: Freedom Fighter  Read Replies (1) of 78646
 
Paul,

>>Jim, since you and I have an interest in Florida land, do you have an opinion on Orange Co. (OJ)?<<

I'm coming in on the middle of this conversation so I'm not sure if I'm covering old ground. Sorry if I am.

If you like Florida real estate I suggest you look at Alico (ALCO). They own a ton of real estate on the west coast, mostly in Ft Meyers. Ft Meyers is booming and a very nice town.

Some of the land is farm, grazing and other such stuff but some is developable. They donated some to the state of FL a few years back to develop a university on (its done now) and they own a lot of the surrounding land. I read a report a while back that said the land assets are worth much much more than the market price of the stock.

The key is when/if they will sell so the market price might adjust. I don't own any because it's not my style of company but I occasionally still think about doing a better research job and taking a position. I'm fairly certain the value is there. I just don't know how much. Good Luck.

Wayne
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