Does anybody have an idea about the book value of the water rights these guys are holding?
I did a bit of research based on recent articles and company stats.
Posted this on another thread FYI: Book value of just agricultural assets is estimated at $1.58 a share, they have about another 58c a share in nett cash in the bank.
226.39 mill shares outstanding
approx 131.15 mill nett cash in bank
420 mill estimate for capital
$2.44 a share value potentially
PAG Price at posting:
$1.25 Sentiment: None Disclosure: Held