The first quarter had some very positive developments for our company. First, we confirmed that our owned properties which are on the books for $350 million are well understated from their current fair market value.
Nearly $6 of book value alone not even counting the managed and leased assets. Unbelievable...
FVE has a dirty low pbv with a dirty low market cap/EBITDA ratio.Fact.
o.k lets say.. 400 million for our owned facilities according to Mckay.. thats $8.00 a share in realestate alone.