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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 Stylesson Feb 13, 2014 1:16pm
148 Views
Post# 22205703

RE:RE:Bill Bonner - BNN/stockchase comment

RE:RE:Bill Bonner - BNN/stockchase commentBoth GMP and Altacorp have come out and published reports pro forma the deal. Both maintained buy and 1 dollar targets. GMP said that their 1 dollar target still holds for ALX even though the target methodology moved to a cash flow multiple.

Things are looking up for ALX. In 6 months, we're going to be laughing at 60 cents because we'll be +1.00
Bullboard Posts