Another asset sale announced last night: $3 million
Last month they sold an asset for $24.4 million
That's $27.4 million in sales
In addition, they had $2 million cash on the books, $2 million in marketable securities
That gets you to $31.4 million.
They also have a $3.6 million private equity portfolio.
Now you're at $35/share. and most of that in cash.
In addition, there are a few other smaller assets and another $2.5 million investment in affiliate.
Subtract out some taxes on the Grove Isle sale and you are still well north of $30/share.