Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 yoplaiton May 29, 2014 9:10am
258 Views
Post# 22609095

RE:RE:Contrarian opinions

RE:RE:Contrarian opinionsAfter hitting about 4.40, and trading down to 4.00, how is that making money being long? The best thing the stock has going for it currently is the perception of STRONG management which IS deserved, but give them 2 quarters to find out if they can continue to wear that badge with the RPL assets. IMHO I can't really see the stock price doing much near term as all the takeover excitement wears thin, the spotlight begins to fade, and a news void over the summer (drift south) doldrums becomes entrenched. Given this, selling part of ones position north of 3.75 seems like the prudent thing to do, and I've done this. Only time will tell if my opinion has any validity. Oh styles, one can only make money by SELLING stock for a real gain not by HOLDING for paper gains. Nothing wrong with making a few bucks selling some stock.
Bullboard Posts