Nice q.I was away for a month. GBT reported very positive net returns for the q.
We are in a large ticket goods recession. Despite, the co produced operating earnings of aprox 45 to 50 cents.
Every time they sell a store, they report significant gains. My lame guess, the real estate values far exceed book values.
The co remains cash and marketable securities laden.
They continues to deploy cap to syetem improvements, real estate purchases.
Declining rates will turn the cycle. Operating improvements undertaken over the past few years will juice returns.
$3 a share of income is worth $30 plus to Leons. The real estate and securiies another $15.
Very inexpensive shares given what will happen.