You could be forgiven for thinking Arvida Group has been stuck in a holding pattern since June 2018 but you can take off the table about 5 cents because that is the DIV and your just about within the range of where its been trading. So there's been no movement since then.
According to Moaningstar - I know but others in the industry say its around the same - it has a net asset backing of $1.15c.
That's relatively important because in its short history of about 4 years the stock hasn't gone below $1.10 (except when it was finding its feet in the first year when it dipped to .79c) and is unlikely to unless we have another stockmarket rort like we had 10 years ago or the housing market over corrects - which I have said is happening right now. Just beware of that one caveat - because if it does explode expect this share will come right back to under $1.
Having said that it is still worth accumulating because Simplywallstreet has this share at a discounted cash flow value of $3.98.
Its also paying a reasonable DIV of just over 4.23% net and trades at a p.e. ratio of 7.26.
So with this stock you can see quite a few possibilities. Ranging from .79c to the $1.30's range.
BUT it is a stock worth buying you just have to watch it closely - which i have over the last many, many months.
I will add to my current holding AND will severely if it slips wildly.
Keep cool till after the stock market closes.
Trade/invest wisely.
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