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Brookfield Residential (BRP +5.3%) shoots higher after a positive presentation from Mick McGuire...

Brookfield Residential (BRP +5.3%) shoots higher after a positive presentation from Mick McGuire at the Value Investing Congress. BRP boasts 30 years' worth of undervalued property, says Marcato Capital's McGuire; he also likes Alexander & Baldwin (ALEX -2.4%) and GenCorp (GY +3.4%) on the basis of their undervalued real estate assets.
Comments (1)
  • Eibe
    , contributor
    Comments (10) | Send Message
     
    Didn't Mr. McGuire double count the Agribuisness of Alex?

     

    First count the land value, then add some "long term" EBITDA multiple to the agribuisness as if land was free? Shouldn't that EBITDA be reduced for renting the land? Land value was already accounted for by Mr. McGuire's valuation!

     

    I don't take his valuation at face value and well then I don't trust the rest of it neither!
    15 Oct 2012, 09:53 PM Reply Like
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