Is anyone still following this? At first glance it look like Mai is moving things in the right direction (repurchasing shares at relatively low prices, doing some interesting deals, etc).
Quote from: Foreign Tuffett on January 22, 2021, 06:58:24 AMIs anyone still following this? At first glance it look like Mai is moving things in the right direction (repurchasing shares at relatively low prices, doing some interesting deals, etc).Not closely although i do hold a position and continue to believe it's trading at a material discount to the value of it's timberland.I think it provides a reasonable inflation hedge but outside of that, don't see much in the way of a re-rating catalyst. If shares are continually bought in at a material 'discount'/book, I'm happy sitting tight for the time being.Have you got any further thoughts? Particularly on how the VULC liquidation may guide for a fair value of KEWL's assets?