Post by
eoim2 on Jan 25, 2024 7:55pm
MRT has almost $400 Million Unencumbered Assets
MRT is sitting on almost $400 Million in unencumbered assets, in otherwords, assets on freehold with no debt or mortgage. This is like $5.50 a share on freehold assets. The replacement value of the assets is more than $18 a share. The share price discount to the asset is mind boggling.
Comment by
flamingogold on Jan 25, 2024 8:05pm
This is what happens when stocks/sectors are unloved and fall out of favour. This is the complete oppositie of whatever is hot... add "AI" to anything today and it gets a huge multiple.