Think Equity’s Woodburn Maintains PICO at BUY with $47 Price Target
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/rSDf_kH7f3c/Posted on Tuesday, August 4th, 2009 | In Market Commentary, Small & Micro Cap
Contributed by: Small Cap Pulse (http://www.smallcappulse.com/index.php/blog/detail/) -
August 3, 2009 ndash; Analyst Comments ndash; Think Equityrsquo;s David Woodburn weighed in on a PICO Holdings (Nasdaq:PICO) this morning, rating the stock at a BUY with a $47 price target.
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; PICOrsquo;s Vidler Water subsidiaryrsquo;s suit filed in federal court to challenge a decision to grant it only 396 acre-feet of water (out of a requested 7,240 a-f) is not out of the ordinary, and if its application for the additional 6,844 a-f is approved, the water will represent an additional $1.25 per share of value to Woodburnrsquo;s asset model.
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