Mar. 15 at 6:09 PM
$BRID Just because they sell real estate, doesn't necessarily translate into the enhancement of shareholder value. For example...When they sold their building in downtown Chicago for
$60 million (they bought it for
$500,000 in 1975) not a penny of that cash windfall benefitted shareholders. They simply used those funds to invest in their new Chicago meat processing plant. The monetization of the old plant only benefitted the balance sheet and had zero impact on the company's market cap.