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Alico Inc. Message Board

  • bcinvestadvisor bcinvestadvisor Sep 6, 2012 10:24 PM Flag

    Making Sense of the Easement Sale

    This is just unbelievable. The past 6 months the company has sold 9,000 acres for more than $20 million. Now they sell an easement for nearly $21 million. They raise $1,800 per acre and they retain title to the land. They may not generate a huge amount in future revenues, but it will be something. I can't believe they generated $1,800 per acre for an easement on wetlands.

    With the agriculture business firing on all cylinders and more land being shifted to agriculture it looks as if the company has finally settled on a direction. This is getting to be fun.

 
ALCO
38.94+0.06(+0.15%)Sep 19 4:00 PMEDT

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