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Brookfield RP is a land/location bank:"primarily acquires and develops landfor residential use"That means it is almost a pure monopoly play."BRP’s Canadian land investments are >80% concentrated in oil sands-rich Alberta"
I'm a big fan of Mick McGuire and he believes that BRP's assets are worth three times the company's current market value. It may take time for the market to realize that, but I can wait. A continued recovery in home prices and land values will help as well. Deej
Mick McGuire, Value Investing Congress.. undervalued land assetshttp://www.scribd.com/doc/108784794/McGuire-ValueInvestingCongress-100112
Trades at book value, currently 8x earnings. Awesome buy
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