100% agree, John. There’s clearly been a strategy in play from the beginning. I’d even argue that the initial public listing was part of a long-term plan to offload an aging asset. Since then, RG has used company profits to quietly rebuild the business—while keeping reported profits low. Now, as the endgame approaches, he's been accumulating for the last 3 years at least.I’ve seen some internal material that paints a far more optimistic picture than the public narrative suggests. Despite the outward "doom and gloom," RG seems very confident in the company’s current position.Like you, I see this as a long-term "land bank" play if required. And let’s not forget—RG has significantly more skin in the game than any of us and the company is very ripe for a positive future.
PGH Price at posting:
75.5¢ Sentiment: Hold Disclosure: Held
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