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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

Comment by EstevanOutsideron Jun 08, 2017 12:04am
165 Views
Post# 26338873

RE:More pain to come?

RE:More pain to come?

i think eric nutall just states the obvious.  when energy is doing good, energy is doing good and you will be hardstruck to pick a bad stock when times are good.  nutall had a good year and was visible on media like BNN which made him a little famous.  I think Nutall tells us what most of us already agree with, that oil should do well and a service company like Trican should tighten up and be one of the first bright lights to come back on.
 

So I don't blame Nutall for having a bad year.  What happened to him could happen to any of us StockHouse posters if were in his position. What is effecting Canadian stocks right now has little to nothing to do with performance of the companies-- most had strong first q1's coming out of a HELLISH recession which saw oil drop to next to nothing.  Lots to recover from.

So the situation is out of Nutall's control.  As for JP Morgan, their new forecast is worth as much as their old one, not much at all. They change with the tide. They will change again whent he forecast looks more promising. Nobody has an answer.

You can google and find contrarians who still think oil will reach $100s 
 

So chose who you wish to believe. I myself think oil will reach the $100s very soon based off geo conflict and shortage.  But I'm down 30% on my portfolio this year and want to cry :( 

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