Nitor Capital Management

Tweets for informational purposes only. Not investment advice and should not be construed as such.

[DJ @relevantcapital]

A sincere Thank You to one of the GOATs, Murray Stahl.
Murray, thank you for your selfless service to us.
I was first introduced to Horizon in the mid-late 1990’s shortly after its founding.
Your vision, your dedication and passion greatly influenced my framework, and I will continue to align myself w/your partners, and live out your lessons.
I’ve said this nearly every week to investors for so many years… “We’re fortunate to invest alongside Murray Stahl, because he is with out question, the most intelligent long-only fund manager I’ve ever met. He’s an honest man, and if you can commit to a true long-term horizon, and be patient, this man’s firm can change your life.”

It did.

Thank you Murray for what you (and your team) delivered to us, and the people we serve. You will be greatly missed. God Bless You and your family.
@HorizonKinetics

[Nitor Capital Management @Nitorcap]

Local realtor anticipates more New Yorkers moving to Walton County
$JOE
https://t.co/BWb11iYAz6

[Nitor Capital Management @Nitorcap]

@marginofdanger Have they said this specifically?

[Nitor Capital Management @Nitorcap]

@hkuppy @DumbAlphaa Il be there as well.

[Nitor Capital Management @Nitorcap]

"I knew it was fast, but I didn't know it was second in the nation fast." $JOE
https://t.co/2ZBcEgoTqM

[In Practise @_inpractise]

this is a high quality response from a company after an activist takes a position

$mkl

[Nitor Capital Management @Nitorcap]

ECP airport reached 1.878m passengers in 2024. When we first visited in 2018, the Airport was doing less than 1m passengers. In its first year (2010), 312k people flew through ECP. So ECP traffic has grown by over 6x in just 15 years. $JOE

[Nitor Capital Management @Nitorcap]

https://t.co/Unb2Ayf4JS

"The Port of Los Angeles had its second most active year ever in 2024, moving 10.3 million container units, up 20% from 2023. That’s the largest year-over-year gain recorded at the 117-year-old port, according to executive director Gene Seroka."

[Nitor Capital Management @Nitorcap]

@couldntcareles0 Longer-term lot development will grow overtime (it will just always be lumpy ), and we believe there is around $10m to $14m of annual interest expense that can be wiped out by the company using cash flow and current liquidity to pay off some of its floating rate debt.

[Nitor Capital Management @Nitorcap]

"We continue to see record number of people coming and going through the airport, and we're excited," McClellan said. "We're prepared to continue to grow." $JOE

https://t.co/3Tm7Sf0QUH

[Nitor Capital Management @Nitorcap]

@couldntcareles0 A pause in lot development growth has masked the continued growth of the overall business (see the growth of recurring NOI last 3 years ). Over the last 3 years, bottom line earnings appear to be flat. This is entirely due to lower earnings from lot sales + interest costs ^

[Ian Cassel @iancassel]

Don't rationalize your way into mediocre investments. It happens when you're bored and haven't found something great in a long time so you start finding excuses to buy mediocre ideas. You buy them and almost immediately something better, something that was meant for you shows up. You sell the mediocre thing for a loss to buy the thing you should have just waited for all along. Mediocrity is the price you pay for impatience.

https://t.co/JpDQynHzWq

[ASB Partners @ASB_Partners]

$TRC...Constructive for TRC's 495 unit project...Apartments purchase sets new Bakersfield record https://t.co/8oxQmuuIme via @Bakersfieldcali
A 249-unit rental community in the city's southwest recently sold to Irvine-based private equity firm The Bascom Group for $56.6 million — the highest price ever paid for a single apartment complex in Bakersfield.

[Bloomberg @business]

Tejon Ranch, the largest swath of private land in California, is tapping the municipal bond market for $61.6 million bond deal https://t.co/1vJGDbCWkf

[Nitor Capital Management @Nitorcap]

@couldntcareles0 On the other hand, if one's assessment of value is ultimately wrong or management is not actually maximizing value via capital allocation...

Then you have a problem.

[Nitor Capital Management @Nitorcap]

@couldntcareles0 If our assessment of value is correct and management is maximizing value through capital allocation, then this is not something we ever worry about. The stock will eventually reflect the value, or the value will be returned to shareholders.

This applies to all stocks.

[Nitor Capital Management @Nitorcap]

$JOE
"The 10 busiest days in the history of the TSA have all been this summer. ECP also logged five of its top 10 busiest days ever within the past two months"

"That is our biggest month − the biggest month in the history of the airport."

https://t.co/QdEIhV4VRH