Some adds but ashamed that these are not really deep value plays based on EPS but mainly for their (1) hard real assets and (2) patents (intangible assets).
For the Ag basket:
1) Arcadia Bio (RKDA) back to a normal size position (<0.004% portfolio); They develop and own Ag hybrid seed patents, key to feeding the World on marginal land
Arcadia Biosciences, Inc. is engaged in developing and commercializing agricultural products primarily in the United States. The Company's product includes nitrogen use crops, salt tolerant plants, sunflower oil and shelf-life produce. Arcadia Biosciences, Inc. is headquartered in Davis, California.
2) Limoneira Company (LMNR) a very small tracking position 36 PE and 1.6x BV (suggestion from Madharry) Owns Farm Land and real estate development
Possible hidden asset in their 'water rights' not reflected in their stated BV
A very small tracking position and will scale into a core position if I can Buy at/below BV
Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California.
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3) Sibanye Gold Ltd ADR (SBSW) 5% add to my current position bought in 2001 (avg up)
The SA miners are also a currency play since $US/South African Rand values come into play as expenses charged in Rand but output priced in $US.
Sibanye Stillwater Limited is a precious metals mining company, with a diverse portfolio of platinum group metal and gold operations and projects. Sibanye Stillwater Limited, formerly known as Sibanye Gold Limited, is based in Westonaria, South Africa. --------------------------------------------------------------------------
SALES
Peeled off 40% of ORI @ $22.40/share. Bought this 9/2020 from Spekulatius write up. A 61% return plus their special dividend of $1.08/share. Will Buy this one back if it s/d happen to sell off at/below $14/share. |
