And that means that it is fine that their margins are stuffed...

And that means that it is fine that their margins are stuffed and they can't make a profit?

Inventories of land and buildings make up the balance sheet of the company and these need to be assessed. The company owns these and if I was buying NOD shares I would want to know what these are worth. They do make up the most of the balance of the 30c NTA which you were incorrectly stating as 62c earlier in the thread.

Both balance sheets and profit needs to be assessed when making an investment decision and neither of these look attractive to me currently in NOD.