I accumulate a little more of Stamford Land today after the stock price consolidate at around $0.55.
With this purchase, I now own 10 lots of Stamford having accumulated some in the past. I've also written a post in the past when I purchased them at a slightly higher price. See Here
The fundamentals have not changed for the reasons from the day I decide to purchase this counter.
I am looking at this counter from an asset play point of view where their hotel assets remain recorded based on their historical costs under the PPE segment of the balance sheet. Based on the FCL example I have given in my previous post on Stamford, the RNAV value for the hotel assets should be more than double the current book value stated. In other words, I am really just awaiting for one day when someone really bids for the hotel ......