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Gramercy Capital Corp. Message Board

  • mario_luis_gomes mario_luis_gomes Mar 12, 2009 10:04 AM Flag

    Great Numbers...

    I have read the earnings release and the numbers are good and better then last quarter.

    We are in a financial crisis and during this, GKK have remained profitable quarter after quarter. Cant say that about our peers trading in the same range.

    What I really like is that they are able to pair up the loan losses by buying CDO debt at a 50% discount. They also maneged to lease out some more rental space.

    Sure thinks have been much better in the past but, again, back then the stock price was $20. Now its $0.70, what a bargain... Buy know and hold for a couple of years, and you will be doing a great investment.

    I have 10000 prefered shares.