Stock price when the opinion was issued
(Past top pick, October 15, 2014, down 72.83%) Total disaster, the CEO was shown the door very recently. The CEO basically owes the company 5 million dollars, but can't apparently pay them back. The stock is worth more than it is trading for. It is a real value trap. He still owns it. He misjudged management.
This company was formed about 3 years ago to acquire US houses on the cheap. They did that and then went public. Their houses have appreciated a lot in value. They are starting to sell down their health portfolio, and their plan is to reinvest the cash into multifamily (apartment buildings), which is a very interesting and attractive space. He believes this is trading for less than the value than what you would get if it were liquidated. Expects they will start paying a dividend in the next couple of quarters.