James Shaw

REIT SL Green: 'Hand-to-Hand Combat' in NYC

I do believe that SLG did have delivered a solid report at such a difficult time. The stock has lost 85% of its value from high in six months.

As CEO confirmed $5.20 - $5.40 2009 FFO, I felt more comfortable of owning SLG now. Our fund returned 35% in 2008, 70%+ annualized return since 2001. We do hope that SLG will bring happy to us though owning stocks at this time does need great courage.

Another bullish indicator: UBS and Cramer both bearish on SLG, both downgraded it to "SELL" recently.

Disclosure: bought it after its recent earning release.