Texas Pacific Land Corporation (TPL)

[couldbebetter]

bar1080, Perhaps you read some posts of mine on the Yahoo board where
I post as "Glenn" and on Seeking Alpha I post as MJ-07. Granted, posters
share information, much of it from Horizon Kinets and/or Murray Stahl.
A long time ago those folks had some very good insights as to where TPL
was headed and why. There are many excellent posters on these forums
many who are either in the business and some who have been invested here
for a long time. One reason I enjoy posting about TPL is that it is
"unique." They carry no debt, cannot issue new stock (except for splits,)
Profita (are mainly) used to either buy back and cancel shares and pay
dividends. Show me one other company that operates with such rules. The
combination of the unique structure and rules combined with the dumb-luck
of owning nearly 900,000 acres of surface lands (and some royalty lands)
located mostly in the Permian Basin...you get a very interesting reaction.
One time a Seeking Alpha writer suggested that the stock be shorted...TPL
was at $273 the day the article came out. Its title if you care to look it up: "Texas Pacific Land Trust Way Overvalued."