Sabre Value's Aaron Edelheit Is Bullish On Limoneira (LMNR)

October 7, 2008 12:25 PM EDT

Sabre Value's Aaron Edelheit is extremely bullish on Limoneira (OTC: LMNR). This is a company on the pink sheets and not that liquid so buyer beware, but below are some of the reasons Aaron Edelheit likes Limoneira.

-Limoneira owns 7,000 acres of prime CA real estate
-Limoneira has 500 acres that just got entitled for development
-This is one of only two major projects in Ventura County to be built in next 10 years.
-Limoneira owns substantial water rights in California
-The water could be worth twice the enterprise value

Edelheit presented this idea only minutes ago at the Value Investing Congress. I know this doesn't have to do with the stock market, but I liked what Edelheit said about the best investment of all, which is becoming a mentor. Edelheit is a mentor of 2 kids and that is his proudest investment and produces the best returns.

Limoneira Company engages in growing agricultural products in the United States.

Please check http://www.streetinsider.com/entities/Value+Investing+Congress for live updates from the Congress.
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