Tippy as you probably know my greatest concern about all of this is the potential of TFC's balance sheet being built like a house of cards. If I had the resources id love to go check out the quality of these farms.
A lot of firms collapse because they rely on expansion for access to capital. They build up their balance sheet, get more loans, aquire more assets... build up their balance sheet etc. Except the assets are worth sh#t and when cashflow fails to come through as planned... the company folds.
I guess with all the failed projects around where TFC grows, there are a lot of people with doubts which is why the SP isnt a multiple future earnings. Estimated cashflows aren't always worth the piece of paper they're written on.