Wax Asset Management provides an update on their investment in HMG/Courtland Properties, Inc., explaining the recent 200% increase in stock price, the reasons behind it, and future plans. The letter discusses the sale of HMG's main property, the resulting cash position, and the expected dividend distribution. W.A.M. plans to hold the position until the dividend is paid or the stock price reflects the company's cash and investments.
documents/EFTA00301242.pdf
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