I think now it start going higher
can't borrow shares to short. This has no floor
bleeding continues,even Doug Kass is bleeding herehttp://www.thestreet.com/story/10515527/1/the-kass-model-portfolio--updated.html
SLG will have to raise more equity once it becomes clear just how much they overpaid for that huge acquisition of the other NY reit.SLG has a great mgmt team but not even they can forestall the large amount of lease space that will come back to them.I bought at $10 and sold at $22 but I also bought preferreds at $10 and will hold those until they reach $21.No doubt SLG went too low but my general feeling is that it will need to raise more equity in order to get closer to right sizing its balance sheet.
how do you buy prefered stoks and where I can find the siboles for them ?anybody Thanks
And guess what the institutions will do who will help them raise equity?? Drive the price higher before they announce the equity offering like they do with all the damn secondaries.
it's been "going higher" for weeks now are you totally insane? or what?
100 sh lots, accumulation underway, buying solid business way below book value, Best value out there.