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HMG/Courtland Properties Inc. Message Board

  • belco_mc belco_mc Apr 4, 2013 1:09 PM Flag

    another asset sale: HMG valuation

    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.

10.9999+0.5099(+4.86%)Apr 29 2:32 PMEDT