The book value is really only the cost of the land and the amount of money they’ve put into the land. It doesn’t reflect the market value of the land. In the last eight years,...

We think it is a step in the right direction. We think at $33 the stock is undervalued as a public company. There’s an enormous amount of land that is not being recognized by being...

We think it’s a step in the right direction, but the price is a bit low. We don’t think an 8 percent premium is a fair price. We are looking for a 20 percent premium.

We urge you to fulfill your fiduciary duties to all shareholders by immediately initiating a sale of the entire company.