Alexander & Baldwin (NYSE:ALEX) is about to release earnings. Ponder this Bear Case Scenario:
Alexander & Baldwin is a Hawaii based real estate company. It`s fortunes are inextricably tied to the fortunes of Hawaii. If adverse risk says Aloha investors have a problem.
Any property development company is closely tied to interest rates. They will most certainly go up and make the economics of real estate less affordable.
What drives real estate value in Hawaii. Internal dynamics or external factors such as tourism, retirement and foreign ownership.
George Gutowski writes from a caveat emptor perspective.