Vornado Makes a Big Bet on Distressed Properties – WSJ.com
There is a large amount of patient cash sitting on the sidelines waiting to be commingled for the purpose of swooping in and feeding on the adversities of others. It will be interesting to watch this play out – in some respects it will be a very large transfer of wealth. Those who had no business playing in the space and or those greed mongers that did not have it in them to turn it off will no doubt suffer the consequence. As much as I feel for those on the down side – I look at this as one of those once or twice in a lifetime chances to get in the game at a good price.
Is your company positioning itself for opportunity?