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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (10668)	6/1/2000 1:46:00 PM
From: Freedom Fighter	Read Replies (1) of 78915

James, I have a value oriented stock broker friend that is constantly touting me on ALCO. He owns a large position. I spend a lot of time in Ft Meyers and have actually driven up and down Alico Road to take a look at the land. Lots of cows :-) Seriously, the story was that they owned a lot of land near where a university was just developed. They had donated the land where the university was built to the state. So one would expect a significant appreciation in the value of the land surrounding it. My friend is constantly throwing out huge values based on his conversations with management. I casually looked at the numbers, various land sales the company did etc... a few years back. I may have even touted Alico as a possible value on this thread quite awhile back when I was researching it. I never bought it though because it seemed to me that the controlling shareholder was not particularly anxious to realize the value if it is in fact as high as some people believe. He sells a little from time to time and distributes it as an extra dividend. I suspect there's value there, but I will remain an observer unless I see some indication that something is going to happen soon. Wayne

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