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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

Bullboard Posts
Comment by tikrtok1on Jan 27, 2014 10:27pm
131 Views
Post# 22140501

RE:RE:RE:short is shorting da s*#t of out of this stock

RE:RE:RE:short is shorting da s*#t of out of this stock
there are four ways to make money on these Rights Offerings: 1) buy more and dollar cost average to the bottom. 2) exercise your rights and in your case (7600 shares divided by 8 gets you right to exercise 950 more shares at a cost of 15 cents per new share, bringing your average to "whatever") 3) sell me your rights (I'm a buyer) at 7.5 cents, thereby reducing your cost by "whatever" 4) sell both stock and rights at 75 cents and make a profit of 3.5 cents (minus commission of course) and 5) ***just realized there are more than 4 ways: buy more of both stock and rights, and make ALOT OF $$$$. when you get your position, check out the people behind this company (since the 'creaping takeover' started) this is a fantastic way to do a "non_RTO" imho best to the traders, tikr
Bullboard Posts