FPI

[BKR88]

Farmland Partners Inc.
REIT that owns farmland (mostly annual crops like corn, soybeans, wheat, etc...) in the U.S.
155,000 acres in 15 states.
26 crop types.
Recent legal issues/costs behind them soon.
Entering a new farmland management business.
Appears to be breaking out of a bullish flag.
Much cheaper IMO than LAND (similar REIT but mostly permanent crops).
***Long and added friday.

 

[BKR88]

Took profit on ~20% of position.

 

[vincentnyc]

i like fpi chart. could it be due to food prices going up with inflation? i see kr, cost, and wmt breaking out.

 

[BKR88]

i like fpi chart. could it be due to food prices going up with inflation? i see kr, cost, and wmt breaking out.

Farmland today:
LAND ... +8.8%
FPI ... +5.6%
ALCO ... +3%
CRESY ... +5.9%

 

[ChartXP]

Breakout!

 

[vincentnyc]

i'm loving fpi action today 4/19/22. i'm tempted to trade it. the volume is less than half a million. less than ideal for me. i feel this stonk could be one of those pump and dump stonk. i have to tread carefully on this one.

 

[BKR88]

Took profit on ~20% of position.

View attachment 282050

Took profit on another 5% but will add back on a retrace towards 15.

 

[vincentnyc]

just traded fpi today 4/19/22 and i just got paid!

 

[BKR88]

Took profit on another 5% but will add back on a retrace towards 15.

View attachment 282655

Scaled in 14.5-15.
Sold that "scale-in" today but held core position.
Looking to add back in on a drop towards 15 again.
***Earnings were "OK" yesterday.
***Daily chart below.

 

[BKR88]

CEO Paul Pittman comments after decent earnings report & positive comments about the future.
"we're probably trading in the neighborhood of $1.50 a share below net asset value."
***My largest equity position.
https://seekingalpha.com/article/45...olio_content_unit|section_asset:latest|line:1