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Vornado Realty Trust files a 10-K with the SEC in which it indicates it took a $225M impairment...

Vornado Realty Trust files a 10-K with the SEC in which it indicates it took a $225M impairment loss on its position in J.C. Penney (JCP -3.3%). Though the action could be shrugged off as largely an accounting measure, it raises the question of what JCP board member and Vornado Chairman Steve Roth has in mind to turn around his investment.
Comments (1)
  • KnowsALot
    , contributor
    Comments (35) | Send Message
     
    "Though the action could be shrugged off as largely an accounting measure, it raises the question of what JCP board member and Vornado Chairman Steve Roth has in mind to turn around his investment. "
    ANSWER: They don't.
    27 Feb 2013, 11:23 AM Reply Like
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