January 27, 2009
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RELATED TICKERS: SLG
Amazing 20% shares shorted below book and near Cash value! Then SLG comes out and beats and signs Wells Fargo to a longterm Lease. LMAO the PE's at 2
I had a very quick look at SLG. EV / EBITDA is almost 10, EV / Sales is almost 6, and cash is meaningless without including the debt, net cash is -$5B. I've no idea about anything else to do with the company, the other news might be good, but it's not cheaply priced.