PTN's balance sheet intrigues me.
-$53m of their $71m income last half-year was from asset revaluations.
- They have $1.4b of property and 154m in cash (total assets of 1.6b).
- They have $1b in liabilities ... mostly $400m in loans and $660m in "payables to residents" - what is "payables to residents", exactly?
I like PTN and am thinking of getting onboard, but that balance sheet is interesting ...
