Rayonier + Noxious Nine + Horses
I did a little in person research yesterday. I actually visited the, Rayonier - RYN - $31, real estate development properties.
I gained more confidence in my recommendation of RYN.
Wildlight is well located 15 minutes from the beach and 15 minutes north of the Jacksonville airport. It basically has its own exit off the interstate. There are at least 6 big homebuilders actively putting up new homes. I toured the 55+ community being built by Pulte/Del Webb. Del Webb has already built 350 homes and plans another 300. Prices were $350,000 to $700,000+. The property is very quiet and 100% safe. However just a 1/2 mile away is a Publix grocery and shops/restaurants. This is the RYN proof of concept. I have heard the timber companies, and Alico, talk about land development for 30+ years, but now I have actually seen the strategy executed.
Then I went to Heartwood, ninety miles to the north, but still 30 minutes south of Savannah, Georgia. This place is in the middle of nowhere. It does have its own interstate exit, but there is not much there. But the school has already been built, and there is a new medical facility. So far, there are only a few builders. The best news is there is already a large industrial development. The port of Savannah is now a huge East Coast container port. This place has more risk than Wildlight, but so far everything looks good.
I strongly urge you to go to the RYN website and view the recent Investor Day presentation.
Alway be skeptical of Florida real estate stories. As a young analyst I was pitched a company called General Development. There was alleged fraud, a double bankruptcy, but in the end nobody went to jail and they built Port Charlotte and Port St Lucie.
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The Noxious Nine started with 2 wins and a loss. Florida was horrible, but Stanford and Nebraska squeaked by.
There are fewer games this week so all I have is:
Tulsa, +7.5 at Arkansas St (a tough place to play, but I like the former Indiana coach’s recruits at Tulsa)
Nebraska, - 6.5 vs Colorado (with Neon Dion himself) Do you believe in “The Children of the Corn”?
Two of my teams play each other, I would lean to Florida International over Central Michigan, but the creative bet might be the under. This is a big game for both programs, always a good time to try the under. This is not an official play.
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I almost never even think about the NFL, but just for fun let’s watch 3 volatile under-performing quarterbacks this year:
Carolina - maybe Bryce Young will get better
Arizona - maybe Skylar has a better supporting cast
Jacksonville - how bad can Trevor be?
Let’s watch this week, hope for further problems, and maybe play next week
I watch a podcaster on YouTube called That Franchise Guy who does a great job with the draft and really deep team analysis videos.
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I will be at the Keeneland yearling sale for the next two weeks. The idea to to find an inexpensive racehorse among the 4424 being sold.
I you have extra money I would never advocate lighting it on fire. The ash is very messy, and difficult to clean up.
Investing in racehorses is a much more efficient way to get rid of extra money. I always wondered who those silly grey-haired bastards were clinging to their horses in the winners circle, now I am trying to become one of them.