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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (1126)	3/4/2007 7:44:18 AM
From: pcyhuang	Read Replies (3) \| Respond to of 4080

1 3/4: Welcome to the Board of Contrarian Investing. Hedge fund Greenlight Capital owns 3.5 million shares of NEW. nasdaq.com The motivation of hedge funds investing in NEW seems to be the intention of influencing or forcing NEW's management to drop the REIT status, saving the vast sums paying out as dividends to shareholders. Then the hedge fund is likely to help NEW to do, say, a convertible financing in return for a substantial equity position in the newly transformed operating company in real estate. Because of current unfavorable market conditions, NEW is likely to test the patience of insightful investors. pcyhuang