|Day Low/High||945.00 / 960.00|
|52 Wk Low/High||545.00 / 1,476.00|
The real gem, the 'white whale' - or white grizzly, given recent events - has always been the company's water rights.
The stocks of these agricultural companies are down to levels not seen in a decade if ever, but now may not be the time to invest in them.
Alico Inc.'s largest shareholder is distributing its shares to its members, which could lead to a supply glut that depresses the stock and makes it a value buy.
Make no mistake about it: I have fallen into the real estate value trap a time or two.
Companies with water rights are often small and quirky, have been around for many decades, and yet are not well known among investors.
It can take years before purchases of REITs that invest in farmland yield fruit.
How I caught a fish and bird at the same time (an important lesson).