Why Consolidated Tomoka Is Taking Off And Headed Much Higher
- A hidden asset rich company (balance sheet land values are 100+ years out of date) with significant catalysts to realize value, yet still under-appreciated by investors.
- Upcoming land sales, including 76 acres for a Trader Joe’s distribution center (set to close in the third quarter), should substantially accelerate the company’s transition to an income-producing company.
- A motivated and highly experienced CEO on track to make a name for himself within the investor community.
- Purchase and sale agreements for 16% of the company’s land have been signed with a total value of over $50 million, vs. the company’s market cap of only $280 million.