Special Situation With 118% SH Yield...

This is a special-situation, nano-cap stock with low-liquidity. The company is trading at 0.35x tangible book value, but the properties are worth 3.5x the stated book value. The company also holds net-cash worth around 50% of the current market cap and has no significant debt. The management team is aggressively returning value to shareholders. The free-float is over 70% of the share-base and the majority owner only holds 26% of the stock and voting power. The FCF has been slightly negative, but the tangible asset value is humongous.