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Reading International, Inc. Message Board

  • knstock2 knstock2 May 16, 2012 12:23 PM Flag

    Mr. Shapiro/lawndale, i finished reading your SA articles

    on RDI. why are you so conservative on the price target of the stock. It looks like all the assets combined all over the world for RDI could push this well over 10 if/when fairly valued.

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    • I don't disagree with your assessment of the asset value one iota. The price target conservatively discounts for the fact that this is a dual class stock company with a controlling family owner. This is a large investment for me because current stock price is substantially discounted from that additionally discounted valuation. When stock gets to that discounted valuation target we will have to see what assets have been monetized and what assets have begun cash flow generation and what assets are remaining to be further developed and, of course, if JC is still making decisions on a timetable based on his present assumption that he is immortal.

 
RDI
7.31+0.09(+1.25%)Apr 17 4:00 PMEDT

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