founder and cio of land and buildings, jonathan litt good to see you. thanks for joining us today. >> good to sigh, bill. thanks for having me on. >> your premise is that the real estate that these stores are sitting on is worth what, five times what the stock might reflect right now. is that the idea >> right, so the company is valued its real estate at almost four times where the stock is trading. what's remarkable and what's different about this company than any other department store company is they own the location at fifth avenue across from rock center probably one of the most valuable locations in the country and that location alone is estimated to be worth $16 a share, trading at $10 a shar which is an extraordinary opportunity to own a phenomenal location >> jonathan, why is this so mispriced. you know, why are investors not accurately reflecting this in the share price? i imagine you're not the only one who knows this. >> well, i think what's happened it's treated like every other department store company which has traded off substantially as