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Gramercy Capital (GKK +1.2%) bounces from yesterday's post-earnings drubbing which had the mark...

Gramercy Capital (GKK +1.2%) bounces from yesterday's post-earnings drubbing which had the mark of investors taking profits following a big run. The earnings call (transcript) (presentation) shows new management doing what it said it would - simplifying the company into a pure net-lease player and slashing expenses. This morning's disclosure of ARCP's $5.7B offer for Cole Credit Property Trust will be of interest.
Comments (6)
  • Chris DeMuth Jr.
    , contributor
    Comments (4043) | Send Message
     
    We are doing the work now to form a relevant read across to GKK from CCPT. So far, net lease consolidation looks very relevant and very positive and could be something that the market starts to focus on sometime this year.

     

    In fact, we hope to get the benefits of the current management's plan and have thought about how it could get shortchanged by an interloper.
    20 Mar 2013, 11:34 AM Reply Like
  • TFCAB
    , contributor
    Comments (1946) | Send Message
     
    keep the interlopers at bay
    20 Mar 2013, 01:33 PM Reply Like
  • robe0612
    , contributor
    Comments (3) | Send Message
     
    A good bounce back for GKK after yesterday's drubbing. Don't know what it means though
    20 Mar 2013, 02:32 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4043) | Send Message
     
    It probably means as much as yesterday's drubbing/means nothing.
    20 Mar 2013, 02:33 PM Reply Like
  • Heliopios
    , contributor
    Comments (156) | Send Message
     
    There's a reason this is in my 'safe' portfolio.

     

    Already made on it. If your ~10 estimates are correct I'll kiss you, mate.
    20 Mar 2013, 02:38 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4043) | Send Message
     
    Good. I'm rooting for $9.99 under the circumstances!
    20 Mar 2013, 02:47 PM Reply Like
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