SL Green: Too Opaque To Get Involved

The Value InvestorInvesting Group LeaderFollow5ShareSavePlay(6min)CommentsSummarySL Green has executed small asset sales, but its business model remains opaque and difficult to analyze.Recent divestments represent only 2-3% of the balance sheet, offering limited clarity on underlying financial health.SL Green's income and balance sheets are complex, with a lack of secular growth and persistent operational opacity.Despite an 8% dividend yield and cheaper valuation, conviction is lacking due to idiosyncratic and political risks.Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More » Getty Images Shares of SL Green (SLG) have seen a positive reaction in response to a small divestment, albeit this recovery comes after a tough time recently. Shares of the New York office landlord and developer business peaked in the $100s in the 2000sThis article was written byThe Value Investor27.69K FollowersFollowThe Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.