On Alico, the termination of that agreement will probably hurt on the revenue side. There was a citrus shortage last year, but they were probably getting squeezed by Pepsi.
yep - but on the other hand it perhaps makes land realizations more likely in the near-term which is the catalyst in the waiting. The set way forward is now more in the making than in the past - with this some doors have been closed.
it must be one of the longest "shareholder battles". Yes it definitely is a "perennial" in terms of a value trap. One day values likely will be realized. But there is a huge risk that a shareholder would not get a good CAGR on an investment. It is a very locked situation.
I was very lucky and owned it as a small position during the mint broker bonanza like 5-7 years ago. That was a crazy time.
thanks for sharing your thoughts and knowledge on the situations - much appreciated!!
On Alico, the termination of that agreement will probably hurt on the revenue side. There was a citrus shortage last year, but they were probably getting squeezed by Pepsi.
yep - but on the other hand it perhaps makes land realizations more likely in the near-term which is the catalyst in the waiting. The set way forward is now more in the making than in the past - with this some doors have been closed.
If memory serves, Nalluri has been buying AWX stock for a long time. I think it goes back to at least the 1990’s.
There are class A and class B shares. The chairman Ron Klingle (hope I have that right), owns the B shares, which have all the voting power.
Tiny Tim’s daughter used to work for this company. Perhaps, she still does.
The RE is probably worth a lot more that what is one the books. The waste company just about breaks even or loses money.
They apparently own some property the contains shale oil, but the state or local authorities are blocking them from going any further.
The last time the stock had a big move was during the Game Stop saga, but it was brief.
If golfing becomes super popular again or someone wants the course then maybe something happens. The Chairman also is in his latter 70’s.
It could be a cheap lottery ticket, but my guess for now it will just tip toe through the tulips as it has for a long time.
i just saw that you had commented the post i was referring to above.
Yes you are correct. Wrote a post about it here: https://buggywhipbargains.substack.com/p/avalon-holdings-nalluri-continues
it must be one of the longest "shareholder battles". Yes it definitely is a "perennial" in terms of a value trap. One day values likely will be realized. But there is a huge risk that a shareholder would not get a good CAGR on an investment. It is a very locked situation.
I was very lucky and owned it as a small position during the mint broker bonanza like 5-7 years ago. That was a crazy time.
thanks for sharing your thoughts and knowledge on the situations - much appreciated!!