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.

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Alexander's Inc > Looks like a horrible move

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Comment by 07wildwoodon Dec 13, 2016 6:35pm

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Post# 25595045

RE:Looks like a horrible move

Rigie. Over allotment of 15 percent was sold. You said they had a hard time selling the Arc deal. You said debt to cash flow would be over 2 times . Not even close. Check new presentation and see debt/cash flow should oil go to $60. (0.1) Yes (0.1) at the end of 2018. Free cash flow of 144 mil. Not saying we will see that price but the torque you get on this company is there should it happen. Enough reason to own.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?