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Central Securities Corp. (CET)


NYSE MKT - NYSE MKT Delayed Price. Currency in USD
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25.09+0.03 (+0.12%)
At close: 4:02PM EDT
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  • What will CET do with the cash from PR. Last time we got it in a div. CET holding look good.
  • I wonder if Plymouth Rock (PR) stock is significantly undervalued by CET?

    Here's a link to the appraised value of PR by PR management:

    https://www.plymouthrock.com/public/Plymouthrock/StaticFiles/PDF/Common_Stock_Appraisals_v3.pdf

    CET valued PR shares at end of Q3 at $$4,200 per share. PR's '16 appraisal with a 20% discount was $5,300 per share.
    Maybe we'll see CET's board increase their PR shares at end of this year? A $5,300 per PR share is about a $1 per increase (5%) in CET's NAV. Also PR holds a large amount of common stock, so PR's shares may have another increase in appraised value in '17.

    Any comments why PR's shares held by CET seems to be understated by CET's board?