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Alico Inc. Message Board

  • lareno51 lareno51 Apr 7, 2004 2:44 PM Flag

    heavy volume today

    probably turnaround point with potential big upside considering recent management changes

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    • FYI - respected newsletter (Extreme Value) will be putting out a buy on this up to $40 per share based upon underlying valuations of the Florida land ALCO is sitting on. Here is some of the info.......

      ***********************************************
      HOW TO GET A 99.57% DISCOUNT ON FLORIDA ACREAGE
      ***********************************************

      It's a company that owns dirt-cheap land (about 141,000
      acres) in 4 different Florida counties.

      Anyone who takes enough time can figure out the value of
      this land. But most people haven't done the work. That's
      why we have the opportunity today.

      1--If you take the company's accountants word for it, the
      land is worth $123.5 million... or $534 per acre.

      There is no way you could buy this land for that price
      today.

      2--The stock market values the company at $200 million,
      which comes out to be about $1,600 an acre.

 
ALCO
37.48-0.42(-1.11%)10:04 AMEDT

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