Feb. 6 at 5:33 PM
$CKX is a textbook asymmetric bet. Limited downside, massive upside. The company owns 13,972 acres in Louisiana, conservatively valued at
$39.2 million. Add cash and certificates of deposit, and total asset value jumps to
$47.5 million. Current stock price of ~
$11.25 implies a valuation far below intrinsic worth. At liquidation, CKX shares could be worth
$24+, offering 80%+ upside. The company has engaged financial and legal advisors to explore all options. Early interest from multiple buyers makes an asset sale or full company sale highly likely. Minimal downside as CKX has little to no debt, and the land value acts as a floor, protecting investors from significant losses.