TGR has had an increase in book value every year. At the same...

TGR has had an increase in book value every year. At the same time the number of shares have increased significantly.

I've read a couple of books regarding value but none say much about book value. Their models don't seem to work well either.

Surely if the book value of the company is rising, this must be a very positive aspect.

I'd love to hear opinions on this.