Jun. 11 at 4:01 PM
$MSGS James Dolan reportedly readying bid to buy ESRT for
$23-28 a share which owns the iconic Emprire state bulding with some of his Knicks money. AT
$ESRT of
$5.45 a share current market cap of
$880 million this undervalues assets by 90%. Current Value of ESRT worth
$23-28 a share compared to current market cap of 880 million.
$23 is only 1.8 billion for Empire state building and all NYC assets.