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November 18, 2008
Forest City Enterprises Stockwatch
Develop Don't Destroy Brooklyn ran this screen cap, noting that Forest City Enterprises's share price reached an over-ten-year low yesterday, closing at 5.56.
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It is worth noting that Barclays Global Investors UK Holdings Ltd., an investment management subsidiary of Barclays Bank, which just publicly reaffirmed the lucrative naming rights deal for a new arena in Brooklyn, not long ago became one of the largest institutional investors in Forest City Enterprises.
On June 30, 2008 Barclays Global Investors purchased 2,440,986 shares at $32.21 for a total investment of $78,648,568. The current value is estimated around $13,571,882.
Since Barclays is so bullish about the project, might they double down while the stock is cheap?
Posted by lumi at November 18, 2008 6:36 AM