Consolidated Tomoka(CTO) announced two recently completed transactions, the first under the leadership of CEO John Albright. The first transaction completed the repurchase of land that had been sold to Halifax Hospital Medical Center in 2003 but never developed. The company entered into an agreement with Halifax in 2009 to repurchase 33 acres over 4 years, but purchased the… Read More »
We have a soft spot for Consolidated-Tomoka(CTO). Besides remaining a great value, it happens to be the first stock we wrote about here. So we were pleased to see a recent profile of new CEO, John Albright in the Daytona Beach News-Journal. We had previously not known much about Albright, who took over on August 1. It seems… Read More »
Image via Wikipedia Consolidated Tomoka(CTO) was the first stock we discussed at Inelegant Investor back in 2006. The price was higher back then, not surprising given the company’s primary asset is Florida real estate. That said we think it’s very cheap currently and have bought more in the past six months. Chris at Navigating Markets agrees, and has,… Read More »