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Consolidated Tomoka(CTO) was the first stock we discussed at Inelegant Investor back in 2006. The price was higher back then, not surprising given the company’s primary asset is Florida real estate. That said we think it’s very cheap currently and have bought more in the past six months.
Chris at Navigating Markets agrees, and has, coincidentally, launched his blog with a post on Consolidated Tomoka as well. We wish Chris good luck and success with his new endeavour… and with Consolidated Tomoka.
Disclosure: The author owns shares of CTO
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- Consolidated Tomoka Reports Third Quarter Earnings (prnewswire.com)
- Consolidated Tomoka Adopts Majority Vote Standard for Director Elections (prnewswire.com)
Chris, Good luck in your new venture. You will be the only one with fundamental report on CTO. It’s a great investment. Let me know if you want to see the properties and meet management, give me a call.
Bruce Cotten – Retired – Daytona Beach