They should double check on their accountants skills or, he haven't spoke with CFO yet/haven't read Q4 yet.
Simply put, it's not what i see, but then again, it's just an opinion.
FPI
- Thread starter BKR88
- Start date
Simply put, it's not what i see, but then again, it's just an opinion.
as of today 7/27/22...i'm not seeing anything special for the chart on fpi...so it is no trade for me. i'm a break out trader...either it breaks up or down. so just sitting and waiting or look for other opportunities.
Have you been watching the valuation changes in farmland the past 6-12 months?
I think he's talking about what HE sees as the current "fair value" of the land.
I do feel though he'd like to talk up the stock price so they can issue more shares to use the proceeds to purchase more land or reduce debt.
I have ~30% of my net worth in farmland so watch it pretty closely. I'd say prices have cooled a bit the past 3 months.
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I see a second flag forming above a larger flag.
Would like to see the break out the top again but I'll hold/add with a break lower.
My break out is not same as yours. I use a different break out than yours. All traders trade differently. So it is a no go for me if I were to trade fpi as of today 7/27/22.
Higher interest rates likely to be a drag on FPI in 2023.
Considerable amount of debt resetting to higher rates in early 2023.
Still like farmland but this could be stuck even if farmland valuations increase.
https://seekingalpha.com/article/45...nc-2022-q3-results-earnings-call-presentation
Considerable amount of debt resetting to higher rates in early 2023.
Still like farmland but this could be stuck even if farmland valuations increase.
https://seekingalpha.com/article/45...nc-2022-q3-results-earnings-call-presentation
Glad to see they're selling land to pay down debt & repurchase stock.
Likely adding tomorrow to this long-term farmland position.
https://s201.q4cdn.com/607655624/fi...q1/FPI-March-31-2023-Supplemental-Package.pdf
Likely adding tomorrow to this long-term farmland position.
https://s201.q4cdn.com/607655624/fi...q1/FPI-March-31-2023-Supplemental-Package.pdf
I own stock in FPI and LAND...Very boring.
I am not investing in these companies for income or appreciation. Then WHY do you invest?? Inflation protection...
Back in the late 70's inflation was roaring...Like 20%. My dad had money (home, stocks, one rental, and CD's. So what does he do?? He buys toilet paper and tissues (long before Covid). He (and my mom) bought extra things like soap, shampoo, staples!! Was he a nut?? Well, as a teenager or course your dad is an idiot...Who's wasn't. But looking back it made sense. He had just sold to my brother and I sixty acres of farmland, he was looking for something stable and secure...TP?? Not that insane.
I'll see you in the Chit Chat Forum...I think I'll start a thread about how to protect against inflation.
I am not investing in these companies for income or appreciation. Then WHY do you invest?? Inflation protection...
Back in the late 70's inflation was roaring...Like 20%. My dad had money (home, stocks, one rental, and CD's. So what does he do?? He buys toilet paper and tissues (long before Covid). He (and my mom) bought extra things like soap, shampoo, staples!! Was he a nut?? Well, as a teenager or course your dad is an idiot...Who's wasn't. But looking back it made sense. He had just sold to my brother and I sixty acres of farmland, he was looking for something stable and secure...TP?? Not that insane.
I'll see you in the Chit Chat Forum...I think I'll start a thread about how to protect against inflation.
https://s201.q4cdn.com/607655624/files/doc_presentation/2023/fpi-investor-presentation-july-2023.pdf
Current stock price: 11.45
Paul Pittman (Q1 conference call) ... "It appears to us that the market values our assets at about $1.1 billion. The private market values our assets at approximately $1.4 billion, that difference is what is created a huge discount in our stock."
Current stock price: 11.45
Paul Pittman (Q1 conference call) ... "It appears to us that the market values our assets at about $1.1 billion. The private market values our assets at approximately $1.4 billion, that difference is what is created a huge discount in our stock."
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