The guy whose mismangement ran CharterMac into the ground, Stephen Ross, now owns the Miami Dolphins.
There's a lot of new blood now. One was promoted to replace
Ross, Robert Levy, who is CEO and doing a great job. But
this is Andrew Farkas's company now. Via C-III, Anubis, Island,
he converted to common stock late 2011, just after Centerline
switched from a flow-through entity to a Corporation. This
move should attract more investment, of course. The final
K-1's are going out to shareholders in February.
If you go to the Centerline website, investors, presentations,
you'll see a pie chart in the Sept 30,2011 .pdf file. The public
float is only 16%. Book Value of assets owned by CLNH
I calculate as .445/share as of the last report.
Amazing.
I identified MMAB before it's sharp upward move, which has
sustained, and I'm convinced CLNH will make a similar
move by next month.