Alexander's Inc V.ALX

Primary Symbol: ALX

Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.

NYSE:ALX - Post by User

Alexander's Inc

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Comment by hallken48on Dec 07, 2013 12:03pm

417 Views

Post# 21982251

RE:RE:time 2 sell or buy

I'm not a holder but have moved this one up on my watch list because of the
management team. If i have my facts right, post restructuring there will be aprox
396 million common shares outstanding on a fully diluted basis and, 19 million
net cash, and 625 boepd of production. Is this accurate? Also i'm wondering if
there is any drill bits operating presently or is there any production data not
accounted for? I tend to agree with your statement of the last paragraph of your
post. So for now i will sit on the sideline and watch the progress.

Cheers

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