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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (61456)	11/15/2018 5:12:21 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78705

Some comments. Yes, doesn't appear we can invest in Minto's Latitude. I checked to see which builders are there, and I don't see any that are publicly traded. (Some of the traded companies have acquired private companies and have kept their names, so maybe there is a publicly-traded one doing business there though.) The thing is that we can buy the underlying land (or nearby land). That is held by Consolidated Tomaka (CTO), as the article implies. CTO is the largest position (28%) held by Wintergreen Fund (http://www.wintergreenfund.com/reports/top-ten/) which is well-known value investor David Wintergreen's public fund. Some of the metrics for CTO (e.g. p/e) look good to me -- IF they can hold up. I see that the stock's near a 12-mo low, maybe going lower. I am suffering with several homebuilder stocks-- the cycle has turned for the worse, and I am holding on, or trying too. (Add to WLH, LEN today) I will consider CTO at this point, but am reluctant. Am also feeling pain with FPH which is another company whose business is selling commercial and residential real estate sites. === Ollie's too expensive for me. I have held varying amounts of discount retailer Big Lots for several decades. Stock now at about $42; if it drops below $40, I'm intending to add back to the few shares I currently hold