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Monday, October 31, 2022 12:00:34 PM
It was valued at near $8 million in 2019.
But we know real estate values are up at least 50% more from 2019 to now.
And the $12 million in today’s value would go on their balance sheet under assets. It is just as good as $12 million in earnings (profit), and not just $12 million in revenue.
Their assets alone are worth at least $0.20 per share, and that doesn’t even take in to account any revenue yet, which we know is projected to be at least $20 million next year on their conservative projections.
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