Also, despite recently announced record earnings and a record dividend, the stock does trade at a lofty price-to-earnings ratio of 42. However, this P/E ratio does not take into account the value of Consolidated-Tomoka's land holdings, which could be substantial.
Recently, Wintergreen Advisers, which owns roughly 16% of the company and is actively involved with management, bought another $2 million or so of Consolidated-Tomoka stock at prices ranging from $78.97 to $79.99. Wintergreen has been steadily increasing its shares over the past year.
Additionally, one of my favorite activist funds, Barington Capital, owns the stock. Consolidated-Tomoka was also mentioned in a recent Barron's article that prompted a new portfolio on Stockpickr called Insider Buying: Eating Their Own Cooking, in which Consolidated-Tomoka is listed.