Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>We continue to believe TRC has an opportunity to strengthen its management team and improve its interaction with public shareholders with the upcoming retirement of the CEO and search for his replacement.</li><li>The new CEO should steer the company on a path that creates sustainable value for shareholders.</li><li>We believe the 2023 appointment of Brett Brown as TRC's new CFO added strength to the C-suite and see another opportunity for the company to improve the senior management team.</li></ul>

We continue to believe TRC has an opportunity to strengthen its management team and improve its interaction with public shareholders with the upcoming retirement of the CEO and search for his replacement.The new CEO should steer the company on a path that creates sustainable value for shareholders.We believe the 2023 appointment of Brett Brown as TRC's new CFO added strength to the C-suite and see another opportunity for the company to improve the senior management team.

TRC: Believe Demand For Added TRCC Space Strong, Continue to View CEO Search as Opportunity

Tejon Ranch

TRC: Believe Demand For Added TRCC Space Strong, Continue to View CEO Search as Opportunity