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IBDvalueinvestin (98.56)

SLG beats now what? 20% float is shorted



January 27, 2009 – Comments (1) | 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

1 Comments – Post Your Own

#1) On January 27, 2009 at 10:37 AM, GraemesPSP (99.58) wrote:

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.

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