As value investors, we know we are supposed to think long-term. But just how long is that term supposed to be? Some are probably looking for price appreciation just one year out, whereas others might be looking three years, five years or even ten years out. With a company called Aztec Land and Cattle, however, you might be looking at significant appreciation about 30 years out. Oddball Stocks has an intriguing post on this company that owns a ton of acres in Arizona but trades as if each acre of that land is worth only $49. The company has a development plan that may take years or even decades to bear fruit, but where the payoff is likely to be large. Are you prepared to wait?
Disclosure: No position