CKX Lands

CKX

Market cap $22.1M

CKX Lands, Inc. is a buy based strictly on asset valuation. CKX's management has inquired through financial advisors, better ways to maximize value to their shareholders and seems poised to sell most of if not all of the land they own. William Gray Stream has his hands in other projects including a massive carbon sequestration project and his time would be better spent there than on a small company like CKX.

CKX Lands may be sold following a strategic review, as management focuses on Gulf Coast Sequestration's carbon capture project. CKX's land holdings and cash on the balance sheet suggest a potential value above $15 per share, higher than the current share price. There is evidence that CKX has exposure to the GCS project, but the value of this exposure is uncertain without further disclosure.