I've seen this ticker come across my screen & I thought it was some semi stock..
Pure Cycle- PCYO
Pure Cycle owns a very significant amount of water rights in the Denver area <-- That caught my eye.
To further the goal of monetizing their water rights, they bought a large parcel of land during the 2008-2009 downturn to build a master planned community. That has two benefits - they earn land development margins, but are also able to use the sale of the land to monetize their water. The first phase sold out quickly and is now complete, while the second phase has also sold out and is under development now.
Sky Ranch Master Planned Community--
Pure Cycle- PCYO
Pure Cycle owns a very significant amount of water rights in the Denver area <-- That caught my eye.
To further the goal of monetizing their water rights, they bought a large parcel of land during the 2008-2009 downturn to build a master planned community. That has two benefits - they earn land development margins, but are also able to use the sale of the land to monetize their water. The first phase sold out quickly and is now complete, while the second phase has also sold out and is under development now.
Sky Ranch Master Planned Community--
