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September 9, 2009
Forest City in the News
PRNewsWire, Forest City Reports Fiscal 2009 Second-Quarter and Year-to-Date Results
According to the Forest City Enterprises press release, losses are down compared to last year:
The second-quarter net loss attributable to Forest City Enterprises, Inc. was $1.8 million, or $0.01 per share, compared with a net loss of $8.4 million, or $0.08 per share, in the second quarter of 2008. Net loss for the six months ended July 31, 2009, was $32.5 million, or $0.26 per share, compared with $48.8 million, or $0.47 per share for the same period in 2008.
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The second-quarter net loss attributable to Forest City Enterprises, Inc. was $1.8 million, or $0.01 per share, compared with a net loss of $8.4 million, or $0.08 per share, in the second quarter of 2008. Net loss for the six months ended July 31, 2009, was $32.5 million, or $0.26 per share, compared with $48.8 million, or $0.47 per share for the same period in 2008.
FoxBusiness.com, Forest City Enterprises (FCE.A) Bullish Technical Alert - Trend Up 35.4%
Forest City Enterprises (NYSE:FCE.A) is trading 2.3% higher (up $0.21 to $9.13) today on volume of 512,709 shares. The stock has traded within a 52-week range of $3.26 and $40.49.
Forest City Enterprises is currently above its 50-day moving average of $7.10 and above its 200-day moving average of $6.48.
DDDB.net, Forest City Quarterly Results Claim Arena Construction Would Start in 2009. Impossible.
Develop Don't Destroy Brooklyn, the group leading the fight against Bruce Ratner's controversial Atlantic Yards megaproject, has some news for investors and analysts.
It's official, Forest City is delusional and doesn't mind deluding its investors and analysts. From Forest City Enterprises second quarter results:
...Forest City ended the second quarter with seven projects under construction with a total cost of $2.1 billion at the Company's pro-rata share ($2.5 billion at full consolidation). With the exception of the Barclays Arena at Atlantic Yards in Brooklyn, and the fee-development construction of a new City Hall project in Las Vegas, the Company does not anticipate commencing construction on any additional projects in 2009.
It is impossible for arena construction to start in 2009.
FCE investors and anaylsts can take that as a tip.
TradingMarkets.com, Forest City reports losses narrow to $1.8 million in second quarter
BizJournals.com, Fidelity Investment’s office wins national award
Developer Forest City won a green building award for an office building in the company's Mesa Del Sol project in New Mexico.
Posted by lumi at September 9, 2009 5:40 AM