InterGroup, Santa Fe, Portsmouth - Odd Structure, Significant Value
alluvial.substack.com
One unusual company I have enjoyed following over the years is The InterGroup Corporation. InterGroup sits at the top of a strange trio of related companies. This odd triangular ownership structure, as well as the very low liquidity of each company's stock, conceals significant asset value. Arriving at a reasonable estimate of each company's value requires some legwork.
InterGroup, Santa Fe, Portsmouth - Odd Structure, Significant Value
InterGroup, Santa Fe, Portsmouth - Odd…
InterGroup, Santa Fe, Portsmouth - Odd Structure, Significant Value
One unusual company I have enjoyed following over the years is The InterGroup Corporation. InterGroup sits at the top of a strange trio of related companies. This odd triangular ownership structure, as well as the very low liquidity of each company's stock, conceals significant asset value. Arriving at a reasonable estimate of each company's value requires some legwork.