Forestar Group Inc (NYSE:FOR)

CAPS Rating: 3 out of 5

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Member Avatar shalumov (98.69) Submitted: 3/3/2013 11:19:33 PM : Outperform Start Price: $19.30 FOR Score: -31.63

I saw a nice article in this weeks Barrons by DAVID ENGLANDER on why this stock is undervalued:

http://online.barrons.com/article/SB50001424052748704356104578326213349162322.html?mod=BOL_twm_fs

Here are the key numbers of the company's assets:

Real Estate $910 million
Oil & Gas $286 million
Water $113 million
Miscellaneous Assets $30 million
Total Value of Assets $1.3 billion
Less Net Debt -$284 million
Net Asset Value $1.05 billion
Net Asset Value/Share $30.00
Recent Price $17.56
Sources: JMP Securities; Thomson Reuters; company reports .
With its well-positioned acreage, Forestar is benefiting from a rebound in builder demand for finished residential lots. Last year, it sold 1,365 developed lots, a 22% increase from 2011. Average profit margins on lots have risen 11%, which helped boost real-estate earnings to $54 million for the year, from a loss of $26 million in 2011. Management expects to sell 1,900 lots this year, a 39% increase.

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Member Avatar Marlonito9 (< 20) Submitted: 11/4/2012 7:00:10 PM : Underperform Start Price: $16.02 FOR Score: +21.91

This group is strong enough in performance.

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Member Avatar golfer121501 (< 20) Submitted: 2/17/2011 5:03:01 PM : Outperform Start Price: $20.16 FOR Score: -51.41

Spec Op pick

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Member Avatar Timbofittz88 (79.72) Submitted: 3/16/2010 8:08:36 PM : Outperform Start Price: $19.12 FOR Score: -67.58

I am LOVING REIT's right now!

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Member Avatar Toddq36 (< 20) Submitted: 6/13/2008 9:31:33 AM : Underperform Start Price: $24.70 FOR Score: +68.94

Forestar Real Estate Group Inc. (Forestar) owns directly or through ventures about 373,000 acres of real estate located in 10 states and 13 markets, and about 622,000 net acres of oil and gas mineral interests. The Company operates in two business segments: real estate and natural resources. The real estate segment secures entitlements and develops infrastructure on the Company’s lands, primarily for single-family residential and mixed-use communities. It owns approximately 303,000 acres in area around Atlanta, Georgia, with the balance located primarily in Texas. Forestar’s natural resources segment is focused on maximizing the value from royalties and other lease revenues from its oil and gas mineral interests located in Texas, Louisiana, Alabama and Georgia. In addition, the Company sells wood fiber from its land, primarily in Georgia, and lease land for recreational uses.

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