Getting some research attention following their recent acquisition. Aside from the rationale for the recent increase in target price by multiple analysts, my observation is that Freehold is becoming a much better managed company since the change in CEO. I also see a more proactive strategy taking advantage of the unique opportunity in my view to acquire a combination of undrilled land with some production to take advantage of the value in undrilled land that is about to undergo active drilling. Great use of capital to benefit from prime land acquired and about to be brought into production.
In my view even the most optimistic upgrade does not do justice to the enhanced acquisition strategy now being deployed.