Consolidated-Tomoka Land Co. (AMEX:CTO)

secretbonus (< 20) Submitted: 6/21/2011 9:56:59 PM : Start Price: $28.31 CTO Score: +7.03

negative sales growth, eps, net margin, roe and current assets under .5.

Rep07 (28.03) Submitted: 8/15/2009 3:41:27 PM : Start Price: $32.95 CTO Score: +52.36

Cyclical action in an uncertain market in an adverse environment.

wbcoleman (32.41) Submitted: 7/14/2008 7:46:24 PM : Start Price: $37.97 CTO Score: -40.84

I can't call a bottom, but the land is around Daytona Beach and the cycle will turn eventually, at which time the stock ill be cheap.

38usc (49.62) Submitted: 3/3/2008 8:06:41 PM : Start Price: $50.81 CTO Score: -50.99

up and down real estate goes

BrianMav (96.57) Submitted: 8/6/2007 4:27:03 PM : Start Price: $63.77 CTO Score: -52.96

I think we're going to start seeing the real estate market make a comeback.

JujuLips (< 20) Submitted: 5/28/2007 11:29:46 AM : Start Price: $71.23 CTO Score: -54.02

The value of the land it owns in Florida is not priced into the stock yet. Dirt cheap at these prices.

NetscribeFinancl (< 20) Submitted: 3/1/2007 8:31:38 AM : Start Price: $74.68 CTO Score: +64.48

Consolidated Tomoka Land through its subsidiaries is engaged in real estate operations, income properties and golf operations. The strategy is to enhance unimproved lands thereby increasing their value, selling them and reinvesting the proceeds into income producing properties to stabilize earnings and increase shareholder value

The company’s performance in the year 2006 has not been satisfactory with revenues decreasing by 2.5% to $42.5 million primarily attributed to the stock option expenses and lower land sales volume. With absence of mortgage notes receivable and lower earnings on funds held for reinvestment through the like-kind exchange process the income from interest and others has had a steep fall. However it has a very simple business model where by it converts the agricultural lands to income properties, real estate and golf courses.

Golf operations remain a bright spot with its Legend and Champions golf courses. Moreover its food and beverage activities contribute a significant chunk of its revenues. The latest quarter has witnessed a 5% increase in the number of rounds played, with a 6% hike in the average fee per round, which helped its top-line, albeit marginally.

There has been a drop in cash, restricted cash and investment securities owing to increase in capital expenditure. These were primarily due to purchase of land in Atlanta and Georgia market whose benefit and payback time is not known. It has huge tracts of land holding in the Florida’s Interstate 4 and Interstate 95 corridor. Once considered a sunshine state, hurricane-hit Florida market has witnessed a cooling, with prices spiraling down. Florida is more of a buyers market now with not much to cash on in the near future.

GravityProof (70.56) Submitted: 1/23/2007 10:22:15 AM : Start Price: $62.27 CTO Score: -63.37

Liked Dave Winters' rationale.

Here's the main thing: HUGE amounts of Florida land not properly priced into the stock. Daytona area.

5STARsmallCAPS (78.14) Submitted: 11/11/2006 9:11:25 PM : Start Price: $61.93 CTO Score: -57.89

5-star $364 million market cap on 11/11/06
Real estate and golf course operations.
5STARsmallCAPS picks five star stocks with the smallest market caps.

XMFSmashy (99.96) Submitted: 10/20/2006 3:44:51 PM : Start Price: $63.64 CTO Score: -59.99

Inelegant Investor

atvwoodsman (< 20) Submitted: 8/18/2006 6:49:57 PM : Start Price: $61.82 CTO Score: -64.67

Converting land to income producing property