Drove past the Ranch on the way to Bakersfield. Considering it's distance and the Grapevine in-between, that Ranch might as well be located in Montana. Best case scenario for this stock is staying above 40, worst case it could hit 20 very easily.
"I think if I had my choice I would take Yuma AZ if I wanted a home in the Desert."
North Scottsdale-the only place to have a desert home. Much more scenic than the Coachella Valley and without all the California BS.
Attention? You think it about attention? It's about money,it's always about money. If this was about ego, I would be writing about the huge profits made by the short call at $54.40 or the MGM call in the $35 range. By the way I am back filling CVM at the .75 level. I will sell at .84 or better.
"Drove past the Ranch on the way to Bakersfield"
So fattyMC finally scraped $25 for gas money to get out of the hood and head for Bakersfield and this astute observation is the highlight of his trip.
Something you might not realize fatty: More than 30% of the population of south Bakersfield commutes to LA to go to work every day.
Think about it....the future's not that hard to see.
When fully built out, the Tejon Industrial Complex will offer about 19.7 million square feet of space. Even at $.25/sft per month, triple net, this is over $59 million/year. That is almost an 8% annual return on the current $750M market cap, which will grow with inflation.
This doesn't count Centennial, Mountain Village, or any other future development.
It could take a long time, but I don't see how this company can lose in the long run. There may be better investments out there, but there are not that many safer ones.