This is just so dirt cheap-- Vornado may come in and offer 4.00 a sh buyout plus debtI have to be loading up on common in 2's
Did you guys see this:http://www.bloomberg.com/apps/news?pid=20601087&sid=aVFBfEBReMLc&pos=1... that was for a bankrupt company.W
they get a great offer with a price-to-book of approx 3.sfi's price-to-book is approx. .2, much, much cheaper and therefore far more room on the upside.regardless, sizable takeovers in the real estate arena are nothing but good for sfi's common stock price. where there's one, there's likely more to follow and investors jump in before hand.
yeah, they have been blasting that on cnbc. 20 billion in debt, and a 10 billion buyout.
Don't forget that in order for Mr. Sugarman to receive the bonus, the offer should be $7 or $10, not $4.
I think that is an absolutely absurd comment; Shows a complete lack of understanding. Such an outcome would amount to nothing but commercial suicide; contrary to everything the business has executed over past 2 years; positioning for future. Only a major soverign credit collapse or increasing concern around Fannie & Freddie obligations ballooning the deficit will lead to macro led assault on the common. From a bottom up perspective; this company's stock has huge potential for significant appreciation. You will probably sell out at €3/3.50; if your basis is in the twos.Good luck.
That should be $3 / $3.50...