The company's residential community development activities include the development of active adult and primary residential communities, as well as the development of a condominium in Hollywood and Palm Beach County.
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Another example of forced liquidations! $20 range for this company at market is an understatment of true value. The combinded market with enterprice value is less than the companies liquidation value. They own over 17,000 acres of diversified land in FL. This is buildable for commerical and non-commerical use (schools, residential, entertainment, parks, manufacturing etc...) The land alone is worth more than the balance sheet. Factor in potential lease-hold income - etc... Yes one might argue well the land is somewhat unoccupied... Well take a long look at Florida there is no land left nearly this size the only other large amount of acreage belongs to The St. Joe.