Financial News Discussion of VNO - Vornado Realty Trust on The Opening Bell on Fox Business

Financial News for Vornado Realty Trust (VNO)

VNO 3/16/2010 6:40PM 52 Week Price Range Market Capitalization Dividend Yield Recent Dividend
$75.41 $31.47 — $74.08 $13.3 Billion 3.50% $2.43

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Vornado Realty Trust was discussed on The Opening Bell on Fox Business which was originally produced by Fox Business on 10/26/2009
Vornado Realty Trust was discussed on The Opening Bell on Fox Business with host, Alexis Glick, on 10/26/09. The Opening Bell on Fox Business airs on Fox Business each business day at 9:00 AM.

Vornado Realty Trust is in the news. Find out how this impacts VNO trading on Ockham Research.

Alexis: what kind of companies? How would we dip our toe in the water if we don't know a lot about commercial real estate? >> well, let's think about one company that we even for our companies, VORNADO. We think it's one of the best real estate companies around. Great properties primarily manhattan and washington d.C., great long-term leases and diversity of clients. Over a long period of time delivered great returns for now, because everybody's scared of commercial real estate nobody wants to own any of the crappier companies or junkier companies as well as VORNADO. We can buy at a value position we haven't seen in over decade and cash on hand to buy up other properties that go into bankruptcy or forced sellers and individual investor and a lot of our clients are individual investors and you can own a business like that at the prices they are today at three to five years or perhaps forever and that's the type of business we look for and the investor can benefit from compounding the benefit from the expertise of the management team at VORNADO more so than buying commercial real estate on their own per se. Alexis: other than commercial what else do you like right now? What else is beaten down and there's ripe for opportunity? >> you know, I think the health care sector, you know, certainly with the government plans to, you know, quote, unquote, to overhaul the health care sector people don't know what's going to happen.

“ around. Great properties primarily manhattan and washington d.C., great long-term leases and diversity of clients. Over a long period of time delivered great returns for now, because everybody's scared of commercial real estate nobody wants to own any of the crappier companies or junkier companies as well as VORNADO. We can buy at a value position we haven't seen in over decade and cash on hand to buy up other properties that go into bankruptcy or forced sellers and individual investor and a lot of our clients are individual investors and you can own a business like that at the prices they are today at three to five years or perhaps forever and that's the type of business we look for and the investor can benefit from compounding the benefit from the expertise of the management team at VORNADO more so than buying commercial real estate on their own per se. Alexis: other than commercial what else do you like right now? What else is beaten down and there's ripe for opportunity?
you know, I think the health care sector, you know, certainly with the government plans to, you know, quote, unquote, to overhaul the health care sector people don't know what's going to happen. ”
The Opening Bell on Fox Business Oct 26, 2009 9:07 AM
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