Nearly killed of in the real estate crash, Gramercy Capital (GKK +5.2%) is on the road to recovery, writes Philip Mause. One sign: Less opaque financial statements - companies in good shape tend to tell a more coherent story, he says. Chris DeMuth agrees, noting the company is likely this year to make all back payments on its preferred, thus setting the stage for dividends on the common and the welcoming of dividend stock investors.
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