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Analysts Lining Up Outside Six Flags for Double-Digit Upside
Wednesday, May 10, 2023 - 12:37pm | 802Read More...Six Flags Entertainment Corporation (NYSE: SIX) reported its first-quarter 2023 earnings results. Shares are rising by as much as 21.3% in a massive rally, representing the most significant opportunity for shareholders since the post-pandemic rally. While Six Flags reported a deepening net loss for...
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Why Elliott's Taubman Exit Could Hurt Land & Building's Cause
Monday, May 14, 2018 - 4:45pm | 417Read More...Activist investor Elliott Management has liquidated or is liquidating its stake in Taubman Centers, Inc. (NYSE: TCO), according to The Deal. The move could be a “major blow” to fellow activist Jonathan Litt’s Land & Buildings Investment Management and its proxy fight against...
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Deutsche Bank Analysts Had Lunch MGM's Activist; Here's What Happened
Thursday, April 2, 2015 - 10:08am | 263Read More...In a report published Thursday, Deutsche Bank analyst Carlo Santarelli detailed a meeting he had with the team from Land & Buildings, an activist investor that is pushing for an REIT and C-Corp structure change at MGM Resorts International (NYSE: MGM). According to Santarelli, the proposed...
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MGM Proxy Battle? Latest Letter From Land & Buildings
Wednesday, April 1, 2015 - 4:55pm | 649Read More...Casinos own a lot of expensive real estate in order to entice customers to stay, gamble, eat and party, and recently many of them have either spun out these assets to take advantage of a REIT structure or are seriously considering the proposal. Activist investor and Land and Buildings...
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Morgan Stanley's 'Realistic REIT Bull Case' For MGM
Wednesday, March 18, 2015 - 12:20pm | 302Read More...In a report published Wednesday, Morgan Stanley analysts Thomas Allen and Mark Savino commented on Land & Buildings' proposal to split MGM Resorts International (NYSE: MGM) into a REIT and C-Corp. The analysts provide a "realistic REIT bull case," reiterating an Overweight...
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Deutsche Bank: MGM Is 'Undervalued,' But REIT Conversion Is A 'Low Probability'
Tuesday, March 17, 2015 - 12:13pm | 296Read More...In a report published Tuesday, Deutsche Bank analyst Carlo Santarelli commented on Land & Buildings' proposal to split MGM Resorts International (NYSE: MGM) into a REIT and C-Corp. "While we believe MGM shares are fundamentally undervalued and believe price discovery on the Strip...
