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Texas Pacific Land - The Ultimate Buy And Hold Stock

Warren Buffett has been quoted as saying his favorite holding period for owning a stock is "forever." In this article we are going to analyze Texas Pacific Land (NYSE:TPL), a company that an investor just might want to hold "forever." In what could be called the "ultimate stock buyback program," TPL is using multiple income streams to eventually repurchase all of its outstanding shares. Texas Pacific Land Trust is a passively managed liquidating trust that was established in 1888 as the result of the bankruptcy of Texas & Pacific Railway. It was granted over five million acres of land in Texas to build a railroad from Marshall, Texas to San Diego, CA. Ever since, the company has been...

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