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 > Share consolidation

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Comment by himmleron May 24, 2017 9:04am

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Post# 26276352

RE:RE:RE:Share consolidation

Because buybacks would be an expense that would affect aquisitions/growth.SPE has too many outstanding shares IMHO.Many institutional buyers wont touch a stock under $5.Thats a fact many dont know.Consolidation would also minimise volitility to a degree.
The point is this..if a company is healthy (profit) and has decent growth plans..a share consolidation is nothing to fear.Consolidations can be interpreted as a bad thing only because of underlying causes,Big investors arent stupid.In the past companys that consolidated their shares ,,and went bankrupt...deserved to do so.They fooled no one.
SPE is not in that boat.

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