Texas Pacific Land Corporation (TPL)

[couldbebetter]

I would prefer TPL to either use such monies to buy back additional stock
and or invest in the water business. Of course nothing says they can't do
all three. As one profesor told us in business school...paying a cash
dividend keeps management honest. Mr. Packer indicated to me recently
that the 10-K would have more information on the water business,(plans
I suppose.) TPL now has a $4 billion market cap, when I first became
aware of TPL (and did not invest) the market cap was around $70 million.
Within the next 3-5 years I think the market cap will hit $10-15 billion.