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November 21, 2008
Another Day, Another Drubbing for Forest City
Develop Don't Destroy Brooklyn continues the Forest City stockwatch:
Forest City Ratner's parent company Forest City Enterprises' stock continued its vertiginous descent into uncharted territory today, down 74 cents (17.79%) to $3.42. One month ago the stock price was $16.13. The stock is down 93% for the year.
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NoLandGrab: Granted the market has been in a freefall and the real estate sector has been hit especially hard, but watchdogs are having a hard time accounting for FCE-A's nosedive, unless investors are expecting some very bad news when the company reports 3rd-quarter earnings.
Posted by lumi at November 21, 2008 5:52 AM