Texas Pacific Land Corporation (TPL)

[couldbebetter]

With earnings and monthly committee update both out, some comments:

1. Earnings look great! Annualized around $31 a share X 30 PE = $930.
2. Obviously no buybacks which were halted by the suits for the inane
reason that TPL had inside information.
3. No conference call...management takes "big boy" pay without big boy
work.
4. The committee met (by phone or in person) twice in October. (Keep in
mind that Committee members are getting paid very well for this.)
5. Could the waste of shareholder/Trust money by the incumbent trustees
be a breach of fiduciary responsibility? (Any sharp attorneys out
there care to opine on this?)
6. Wonder how much money they are paying Credit Suisse?
7. Who were the two oil & gas companies that expressed interest in
TPL? Were they brushed aside because the incumbent trustees did
not want to chance the loss of their jobs if they were to engage?
8. As John Lennon said in one of his songs, "Give me some truth."