Thursday, December 04, 2008

Someone's made some good money on rising Forest City Enterprises stock

On November 21, when Forest City Enterprises stock hit a low of $3.42, I wrote, "Either Forest City Enterprises is headed for oblivion or it's a very good buy."

Well, after two days of huge leaps, it's up to $8.90. That's still way below the 52-week peak of $50.06, but investors who took the plunge less than two weeks ago have been richly rewarded.

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