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January 7, 2008
Forest City in the News
Barron's, Insider Transactions (link, subscribers only)
Barron's reported the two sales by Abraham Miller and the one by Geralyn Presti, totaling 120,980 shares and $5,285,587.
Dallas Morning News, 3 developers, not 1, expected to transform Texas Stadium site in Irving
Irving city officials and landowners near Texas Stadium are no longer pursuing a much-hyped plan for a single developer to turn the landmark site and its surrounding land into a massive mixed-use mecca.
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City-selected developer Forest City Enterprises this year couldn't come to redevelopment agreements with [University of Dallas] and Southwest [Premier Properties] as expected. Reasons for the lack of consensus depend on whom you ask. They vary from unhappiness with construction timelines to gaps between asking prices and actual offers.
GuruFocus.com, Weekly Guru Bargains Highlights: Forest City Enterprises Inc.
Legendary investor Martin Whitman always looks for “safe and cheap” companies to buy, he rarely sells stocks. Many of his recent picks have had significant decline. Do you want to buy these stocks at lower prices than Martin Whitman paid?
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Martin Whitman upped his FCE-a shares by 3.77% to 7,011,858 shares during the quarter ended 10/31. His purchase prices were between $53.56 and $59.67. In the third quarter, Whitman and Ron Baron both increased their holdings by 24.9% Ron Baron and 15.62%, respectively. Other gurus who own FCE-a shares: Third Avenue Management, Chris Davis, Tom Gayner, and Bruce Sherman.
Posted by lumi at January 7, 2008 4:14 AM