True. I'm somewhat concerned with what the true value of the real estate is though. The company is not able to generate profits without the positive fair value revaluations. How can the real estate be so valuable if the profits cannot cover the rent expenses. I know there are development costs but still. This in combination with no capital return policy let me watch this one from the sidelines.
Some of these companies are incredible, although a few will surely value traps. GICSA looks ridiculous, if only you could convince them to liquidate.
True. I'm somewhat concerned with what the true value of the real estate is though. The company is not able to generate profits without the positive fair value revaluations. How can the real estate be so valuable if the profits cannot cover the rent expenses. I know there are development costs but still. This in combination with no capital return policy let me watch this one from the sidelines.