Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (14959)	11/5/2004 6:19:42 PM
From: yard_man	Read Replies (2) \| Respond to of 116555

sorry for the brain f*rt -- but tell me mr. smarty pants -- what is a REIT doing buying S -- are they going to manage the properties after S is defunct -- what's the deal

To: ild who wrote (14959)	11/5/2004 6:26:04 PM
From: yard_man	Respond to of 116555

>>Paramus, New Jersey-based Vornado, which owns more than 20 New York City office buildings, said in a regulatory filing that it bought its latest stake in a series of privately negotiated transactions with one financial institution in August and September at an average price of $39.82 per share. << I don't know if they are allowed to flip it, but that would be a nice chunk of change -- if they sold to the fools wanting it at 45 per share >>Vornado said in a regulatory filing that it acquired 7.9 million shares and options in Sears for about $315 million, giving it a 4.3-percent stake in the retailer when combined with an earlier 1.17 million stake it purchased in July and August<<