**Our corporate headquarters is located in Redwood City, California, where we sublease an office facility of approximately 21,620 square feet. The sublease agreement will expire on February 18, 2017. We are in the process of evaluating an expansion of our corporate headquarters to support the growth of the business.**
The company is expanding. I will continue to hold (and might add if we see $1.25). The real issue for me is determining whether this is dead money.
I don't get it - book value has grown for the most part over the past 2 years (granted at a fairly slow pace). And the company is practically trading for cash on its balance sheet. Granted, SSS has not been great recently but the stock price is ridiculously low. I would think a buyer could steal the company for $8-9.
Period End Book Value Change
9/30/2014 160,269,000 3.5%
6/30/2014 154,889,000 1.1%
3/31/2014 153,259,000 -0.5%
12/31/2013 154,031,000 2.5%
9/30/2013 150,326,000 3.9%
6/30/2013 144,707,000 2.6%
3/31/2013 141,079,000 1.0%
The WSJ this weekend included an interview w/ Mark Papa, the retired CEO of EOG Resources. In the article, Papa references the DJ basin in the Rocky Mountains as a "fringe area" that will become less attractive (relative to Bakken, Eagle Ford and Permian) w/ oil in the $60s. Why is the DJ basin considered "fringe?"