Professional
Added to YB: 2024-03-04
Pitch date: 2024-02-29
MLP [bullish]
Maui Land & Pineapple Company, Inc.
-11.49%
current return
Author Info
No bio for this author
Company Info
Maui Land & Pineapple Company, Inc., together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States.
Market Cap
$292.0M
Pitch Price
$19.36
Price Target
80.00 (+367%)
Dividend
N/A
EV/EBITDA
-37.70
P/E
-39.22
EV/Sales
24.71
Sector
Real Estate Management and Development
Category
turnaround
Artko Capital New Portfolio Holding: Maui Land & Pineapple Company, Inc.
MLP: Replaced NTIC & GAIA in Q4 '23 <$15/share, up 35% since. Case-owned land co. shifting to development phase, potential $60-$80 NAV/share. New CEO, DE reincorporation & website upgrade signal positive changes ahead. Leasing covers expenses as valuable land holdings prepped for development. Considering stake increase to 10%. Eyeing another $23M mkt cap opp w/ $24M cash & $4-5M annual returns, but may take 1yr to acquire due to illiquidity.
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