RE:CheapnessHermann excellent post but you forgot to account for how many shares SXP had issued in 2019
Shares outstanding have dropped considerably.. Yet share price is stagnant and well below true value .
I am also very dissapointed board has chosen not to reinstate dividend.
Not sure why Zucker fund is so passive with this investment.
Unless they prefer not to have a dividend if they are thinking of buying entire company?