|Company name||The InterGroup Corporation|
|Live stock price||[stckqut]INTG[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=intg
The InterGroup Corporation (InterGroup) was organized to buy, develop, operate, rehabilitate and dispose of real property of various types and descriptions, and to engage in such other business and investment activities. The Company operates in three segments: the operation of the hotel (Hotel Operations), the operation of its multi-family residential properties (Real Estate Operations) and the investment of its cash in marketable securities and other investments (Investment Transactions). As of June 30, 2011, the Company owned approximately 77% of the common shares of Santa Fe Financial Corporation (Santa Fe). Santa Fe’s revenue is generated through its 68.8% owned subsidiary, Portsmouth Square, Inc. (Portsmouth). In January 2011, the Company sold its 132-unit apartment complex located in San Antonio, Texas. On April 29, 2011, the Company purchased a 9-unit beachside apartment complex located in Marina Del Rey, California.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable.