Tejon Ranch Company (TRC)

[couldbebetter]

The only thing coming to TRC are new lows and (eventually) more "rights" offerings that will be inflicted at much lower prices. The pictures of the ranch look wonderful! Management, however, are not dedicated to building shareholder value. They do pay themselves well. Many years ago they should have put TRC up for sale so some egotistical billionaire could have bought it. Tejon would have made a great corporate retreat...might have even produced a small profit. Management instead will continue to plan for future development...all the while collecting good pay and benefits...run out of cash? No problem! The rights offering ATM is always there for the next round of dilution, err financing!