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January 13, 2009
Early Spring Cleaning
CNBC Fast Money Rapid Recap
Hedge fund manager and CNBC commentator Karen Finerman reiterates her short position in Forest City Enterprises.
Personally, I think the economy is going to get worse from here. As a result I’m short commercial real estate by being short the iShares Dow Jones US Real Estate [IYR] as well as short Forest City [FCE.A].
link (with video — Forest City comments @ 0:50)
"FCE, which is Forest City, they are doing the Atlantic Yards which is the Nets project, a very, very troubled project, they have a lot of debt coming due in the short term."
Posted by eric at January 13, 2009 12:45 PM