Replies to post #1335 on Texas Pacific Land Corporation (TPL)

[couldbebetter]

Agree 100%! The old trustees created a huge, costly, distraction which
never should have happened to begin with. Payback is that they should be
voted out. The dividend paid by TPL (I believe) is part of a strategy to
lure in EPF's into the stock.

I do wonder if they will split the stock. Institutions may want better
liquidity. I also wonder if options will eventually trade on TPL.

I think with the distraction caused by the trustee fiasco TPL may have
missed two opportunities:
1. They did not buy back any stock when the price plunged on the falling
price of oil caused by the Saudi's lying about shipping a wall of oil
to the US.
2. Imagine the small but accretive acquisitions that could have been made.

The idiocy of the two trustees caused irreparable harm to to the then
trust. I do not think the general can really provide any real value
to TPL.