LandBridge: Valuation Gap Makes a Tactical Long from the Mid-$60s
LandBridge (LB) trades near $64 after a pullback that has left fundamentals intact: free cash flow of $122M, a market cap near $4.9B, and control of acreage in the Delaware sub-basin. High multiples and a modest dividend keep the stock expensive, but a trade with a $64 entry, $58 stop and $78 target offers a sensible risk-reward for a long-term (18…