Joint Ventures, Strong Fundamentals, And A 4.4x P/E: Why Five Point Is A California Deep Value Play

Five Point Holdings, LLC (NYSE: FPH ) is a deep value play poised for a re-rating as the market misjudges the long-term monetization potential of its California land bank and underestimates the gains from itsAn economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the co ...