Author Topic: ALX - Alexander's  (Read 1686 times)


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Re: ALX - Alexander's
« Reply #10 on: March 06, 2020, 11:24:13 AM »
since purchase a couple weeks ago, this is flat and outperformed the S&P and REITs by 8-9% and its mother ship VNO by 17%. I sold my small starter position and deployed back into other stuff.

More broadly I've noticed the stocks in the sleepy off the run, overcapitalized bucket are drastically outperforming their liquid counterparts. If the sell-off deepens, I don't think this is sustainable and err on the side of selling the illiquids early if there is just as much upside and safety in the more liquid names. the liquid names are also hedge-able and margin-able.

i will probably look stupid now as the market may continue to flee to the safety of ALX's long duration leases and cash pile.

my flirtation with Alexander's was brief and mildly satisfying. you all can now accuse me of being a short-term oriented piker.