FARM: Farmer
Market Cap : 123.98M
Enterprise Value: 126.35M
I purchased FARM for several reasons but my conviction was low.Horrible management and worsening financial position;the situation has similarities to SYMS but at the right price it may belong in some portfolios.
Their real estate portfolio has tremedous untapped market value relative to the 126M enterprise value.
Head Quarters
Owner: FARMER BROS CO
Total land value: $2,983,868
Total building value: $17,907,840
Total value for property: $20,891,708
Recording date: 09/02/1981
Assessment for fiscal year: 2008/2009
Read more:
http://www.city-data.com/los-angeles-county/N/Normandie-Avenue-175.html#ixzz1Ti1oTEu1
Additional owned real estate are listed below:
20333 South Normandie Avenue, Torrance, California*
Executive Offices
20333 South Normandie Avenue, Torrance, California*
Plants
235 N Norwood Ave., Houston, Texas*
Plants
13131 Broadway Ext., Oklahoma City, Oklahoma*
Plants
20333 South Normandie Avenue, Torrance, California*
Distribution Center
13131 Broadway Ext., Oklahoma City, Oklahoma*
Distribution Center
235 N Norwood Ave., Houston, Texas*
Distribution Center
Warehouses owned by FARM
Arizona
FLAGSTAFF*
2385 N. Walgreen Street
Arizona
TUCSON*
3818 South Evans Blvd.
California
CASTROVILLE*
11460 Commercial Parkway
California
LOS ANGELES SF VALLEY*
9373 Remick Ave.
Arleta
California
SACRAMENTO*
2450 Boatman Ave.
California
SAN LUIS OBISPO*
3450 Broad St.
California
SANTA ROSA*
470 E. Todd Rd.
California
VENTURA*
1350 Stellar Dr.
Oxnard
Colorado
DENVER*
5595 Joliet Street
Idaho
IDAHO FALLS*
805 S. Saturn Ave.
Indiana
INDIANAPOLIS*
1417 Southeastern Ave.
Iowa
OMAHA*
3217 Nebraska Ave.
Council Bluffs
Missouri
KANSAS CITY*
9 N.E. Skyline Dr.
Lee's Summit
Montana
BILLINGS*
2625 Enterprise Ave.
Nevada
LAS VEGAS*
4612 Industry Center Dr.
Texas
McALLEN*
1312 E. Laurel
Washington
SPOKANE*
E. 10915 Montgomery Dr.
Wyoming
CASPER*
2170 N. Old Salt Creek Hwy.
Arizona
LAKE HAVASU*
1880 Commander Dr. Ste C
California
BAKERSFIELD*
8802 Swigert Ct.
California
CHICO*
480 Ryan Ave., Ste 100
California
FRESNO*
4576 N. Bendel
California
OAKLAND*
9845 Kitty Lane
California
SAN DIEGO*
7855 Ostrow St., B
California
SANTA ANA*
3921 W. Segerstrom Ave.
California
STOCKTON*
4243 Arch Road
California
VICTORVILLE*
17190 Yuma St.
Colorado
FORT COLLINS*
4500 Innovation Drive
