Contrarian Value Ideas

[gfp927z]

Derf, Btw, speaking of REITS, I recently got back into the farmland REIT Gladstone Land (LAND) as a turnaround. I had some during the big run up several years ago, but luckily took profits before the big plunge. Now it looks like it could be ready to recover.

In addition to 112,000 acrea of farmland (168 farms), they own 49,000 acre-feet of banked water in California worth approximately $1.5 billion, so not bad for a market cap a little over $500 mil. Most of their 168 farms grow produce, which is more profitable than row crops -


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