Just has a followup note, Urbana corporation net asset value is now 1.81 per share. Marketable securities compose 80% of this value or 1.44 per share compared to current price of 1.10 per share a 30% discount! Disclosure : Author…
Quote from barelkarsan.com… While CEO Tom Caldwell did take the time to write a thoughtful response, shareholders should be mostly disappointed with its essence. Caldwell makes it clear that he doesn’t want to shrink the company’s capital base: “We do…
Urbana Corporation was previously discussed on this site (here). This week URB announced a Share buyback plan to buyback up to 10% of all publicly traded shares and confirmed that they bought back 99% of the previously approved buyback program. …
Pretoria Investment 