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    Greg Malachowski

    Research Analyst at Private Investor

    Greg Malachowski is an analyst at Private Investor, though specific details about his exact job title, coverage universe, and performance track record are not publicly documented. There is no available information identifying the companies he covers, concrete performance metrics, or industry rankings. His professional history and credentials, such as securities licenses or notable recognitions, are also not verifiable through current sources. Due to limited public presence and the absence of a LinkedIn profile, a comprehensive assessment of his career and achievements cannot be provided.

    Greg Malachowski's questions to PURE CYCLE (PCYO) leadership

    Greg Malachowski's questions to PURE CYCLE (PCYO) leadership • Q2 2024

    Question

    The analyst inquired about the timeline for the next bond issuance and expressed significant concern over the persistent disconnect between the company's asset value and its low stock market valuation, asking what the company could do differently, such as a strategic review or a more aggressive capital return policy, to address the issue.

    Answer

    The next bond activity will likely be a refinancing of Phase 1 bonds late this year or early next year. A new bond issue for Phase 3 is expected in late 2025 or 2026. Regarding the stock price, management shares the frustration, acknowledging that strong execution has not translated to market value. They attribute it partly to low trading volume deterring institutional investors. They are open to new ideas to improve investor outreach. The analyst suggested a formal strategic review, more aggressive buybacks, and a clearer capital allocation focus on monetizing existing assets before seeking new acquisitions, which the executive acknowledged as valid points.

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