+ Watch ALEX
on My Watchlist
The Company operates in five segments in three industries-Transportation, Real Estate, and Agribusiness.
This stock seems to be gradually increasing in value, and I feel that the upcoming needs in transportation will get it to excel more.
Recently sold off their transport and marketing business, so now ALEX is now pure land monopoly in the perpetually desirable Hawaii. My kind of "business". Based on a rule of thumb, the "18 year land cycle", I expect to close this position around 2025..."ALEX owns 20% of the island of Maui and 15% of the island of Kauai, and a higher proportion of “usable” landThis land was acquired circa 1870 and is carried on ALEX’s books at $150 / acre (~$13m)"http://www.scribd.com/doc/108784794/McGuire-ValueInvestingCongress-100112
Large land holdings in Hawaii. Unloved by the market. Great potential.
bb maven liked it. coffee ,shipping and real estate mainly in hawaii.
Deteriorating Professional Opinion
i think that ,since it is already rising, this stock is the perfect pick for gamblers like me.
ALEX is at first glance a shipping company providing Hawaii with a lifeline of 10 container ships operating between Hawaii, the US, and China.The real story, however, it ALEX's ownership of 90,000 acres of arable, developable land in Hawaii. This "hidden" asset would be worth far more on the open market today than ALEX is currently worth, even with the current housing market depression.It may take awhile for this value to be realized, as ALEX is currently doing fine operating as a shipper and agriculture producer, but in the meantime, you get a reasonable, 3% dividend, plus the security of owning a company that is worth far more intrinsically than is shown on paper.
Great shipping to and from China. Primo real eatate in Hawaii.
I just returned from Maui. The sugar and pineapple industries will be gone within a few years, tourism is number one. hotels are fully booked 365 a year. In Oahu there are 1.5 mil people and 50k in Maui. While they will maintain nature with no high risers and such, it has to develop, it's too beautiful there not to. Money talks the rest walks. Trump has already offered to "put them on the map" and Oprah owns substantial land in Hana. It's a matter of time...
This is one of the worst in an already bad industry. $10 million in cash + $50 million in short term debt= not a good combination in this current environment...This chart is pointing down and I'm betting it has some more to go. High dividend yes, not enough to persuade me to lose my money with them.
Hawaii's Biggest Player as they own the land and the water rights.
Another piece of my Hawaii retirement dream.ALEX Market Leader - most of 09/08.Hope, good luck continues!
I like this company because of its more diversified nature. I have been following transportation and infrastructure developements globally; I think that there will be a serious glut in ocean-going tankers due to the supply side not being increased as rapidly as predicted; an overproduction of shipping due to the high global demand for oil.
A play on Hawaii and Western US: shipping, real estate, and agriculture. Undervalued.
Proposed by Good People
I look at this company as a real estate company with a shipping and agricultural company thrown in for free. Shipping is doing better than expected as the China trade has come on quicker than expected. I expect this to be a big driver of growth as the expedited service that they will be able to offer should allow for both additional pricing and more volume. Agriculture could also be a good growth area if ethonol really takes off.
Long term play in the Hawaiian real estate market. On the surface, ALEX looks like a maritime shipping and coffee/ pinapple grower...which it is. But underneath the balance sheet, the market value of its land holdings (reported as "book" on the books) are FAR greater than the stock price shows. Meanwhile, nice steady earnings and growth. KEEPER!
Having lived on Maui from 1995 to 2001 I know how much land Alexander and Baldwin owns buying approx 400 shares of this company is like owning 1acre of Hawaii real estate at $44.5 a share $17800 buyes an acre of mostly Maui land this gives you the shipping and real estate divisions for free the land by the way is carried on the books at the price they bought it at in the late 1800's to early 1900's worth a little more in2007 hmm maybe buy and hold until the real value is priced into these shares!!!
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