RFE
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0.00% 0.0¢ series 2018-1 reds trust

another takeover offer, page-4

  1. Nazzysmith
    2,889 Posts.
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    02/08/10
    11:33
    Post #: 6970428
    Wow... 12k an acre....

    Thats ridiculous...AZZ have 32,500 acres with nearly 300 million shares....


    RFE have 140,000 acres... and about 140 million in shares...

    Am I missing something here????

    Anyone care to take a punt on what RFE's land is worth???

    If RFE was offered $12,000 an acre we would be worth $12 a share...

    Our current share price (58 cents) values our land at about $580 an acre...

    IMO any offer over $2,000 an acre would be outstanding news!!! Not inconcievable IMO...


    RFE Price at posting: 58.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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