2024-03-11 10:25:56 ET
Summary
- Maui Land & Pineapple Company is undervalued, with the land it currently has entitled worth up to $79.33 a share, compared to its current trading price of $19.89.
- MLP's largest shareholder, Steve Case, has a 62% stake in the company and has a history of successful real estate and land development ventures.
- MLP is well-positioned to take advantage of increased demand for residential housing in Maui due to recent fires, and has a strong management team in place to unlock the value of its property.
I think that the Maui Land & Pineapple Company, Inc. ( MLP ) is a Buy because the value of the land this company owns and currently plans to build on is worth approximately $86.22 a share, a 333% upside compared to the $19.89 a share its currently trading at. MLP's largest shareholder is former AOL CEO and Chairman Steve Case who has a 62% stake in the company. Steve Case has been involved in real estate and land development for decades launching Revolution Places after leaving AOL....
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Maui Land & Pineapple Company Is Trading Far Below Its Asset Value