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Gramercy Capital Corp. Message Board

  • michellmichell670 michellmichell670 Feb 26, 2013 4:10 AM Flag

    GKK is one of the most Overvalued stocks in the REIT - Diversified Industry! ExtremeValue Stocks has Gramercy Capital Corp. as one of the most Overvalued stocks in the REIT - Diversified Industry. - bit*ly/RdEd6A Exchange the Asterisk with a dot!

     

    GKK is one of the most Overvalued stocks in the REIT - Diversified Industry! ExtremeValue Stocks has Gramercy Capital Corp. as one of the most Overvalued stocks in the REIT - Diversified Industry. - bit*ly/RdEd6A Exchange the Asterisk with a dot!

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    • The analysis you refer to does not take into account the aspects of the company's balance sheet which are currently hard to see through the smoke of the complexities of the CDO's that the company must report on according to FASB but which in reality do not have the negative quity effect that the books must reflect.

      In other words, there is no way to accurately state if the company is undervalued or overvalued at this time because the truth is based on what the eventual values are when the CDO's are allowed to be removed from GKK's books and are passed on to another financial entity which will remove the current distortion.

      The current real estate holdings have not matured sufficiently to reflect their future cash flows on the top line of GKK and therefore into the forward PE.

      GKK is a best guess investment and nothing is guaranteed but one key metric I value highly is the degree of comptence of executive management and GKK is now b eing run by a tight coterie of experienced REIT people all of whom could have found something else, less troublesome, to work on but they chose this little GKK situation, the CEO Dugan bought 2,000,000 shares when he took the CEO position so my guidance reflects that the management team knows the business much better than I and givne such a large ante by the CEO himself I think the game is weighted in GKK's favor. This management team surely evaluated the company before taking their current positons and they must have seen something there.

      So I am buying steadily as the progress fo teh company is consistently moving toward a stronger balance sheet and a positioning whereby the company can pay off the preferred, initiate a small common stock dividend and at the same time place a significant new equity offering with a defined plan for the use of the new funds all of which I expect to see come together later this year.

      This is a #$%$ shoot, a poker game, but you can win either of those two games if you are diligent.

      Sentiment: Strong Buy

    • great site!!!!!!!!! now when do I get my check

 

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