Alexander's Inc V.ALX

Primary Symbol: ALX

Real Estate REIT - Retail

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 Stylesson Jan 22, 2015 1:16pm

255 Views

Post# 23352066

RE:RE:Chart

only an idiot with no knowledge of this stock would say there's critical support for the stock at 2 dollars based on the long term chart.

This company was recapped a year and change ago. Everything before that transformational event can't be relied upon. The company went form a market cap of less than 20M to over 1B based on a recapitalization of the shell company with management, new assets, etc.

A long term chart has zero value here.

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