Introduction
This month’s Opportunity Report features an unusual company for business for a public company, but one with a unique collection of assets and a management team that has an excellent track record of value creation for shareholders. The Company’s core asset is an exceptionally high-margin royalty stream that has nearly tripled in value over the past two decades and that is now complemented by a growing stream of income from an increasingly diversified set of real estate assets. Management is open and transparent and maintains a strong balance sheet, and we believe that the current share price offers investors a rare risk/reward opportunity for this hidden gem.