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Trinity Place Holdings Inc $ 4.09 0.08 (2%)

Avg Vol (1m):
Market Cap $:
130.49 Mil
Enterprise Value $:
281.00 Mil
P/E (TTM):
Warning! GuruFocus has detected 3 Severe warning signs with TPHS. Click here to check it out.
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TPHS News and Headlines - Trinity Place Holdings

GuruFocus Articles Total 6
  • 1

Price becomes largest shareholder behind Third Avenue

[url=http://www.gurufocus.com/StockBuy.php?GuruName=Michael+Price]Michael Price[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Michael+Price]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Michael+Price]Portfolio[/url]), founder and general partner of MFP Partners LP, a public equity manager in New York, has increased by 46.43% his stake in real estate development and intellectual property company Trinity Place Holdings (TPHS).

Price founded his own asset management company in 1998 based on value investing principles. He invests mostly in small and mid-cap companies primarily in the U.S. that trade at significant discounts to their intrinsic value. In potential investment companies, he emphasizes the importance of balance sheets, management teams and capability of withstanding economic downturns.

He started a position in Trinity Place Holdings in

911 Views    Holly LaFon    2019-06-13 22:29
The founder and manager of MPF Investors combines value and special situation investing

“A good time to start in [the investing] business is when markets are terrible…. We wait for bad news… I love to read about losses.” --Michael Price

Michael Price (Trades, Portfolio) started out as a $200-per-week research assistant. He went on to become, at one point at least, the 271st richest person in the world.

He went from one end of the wealth scale to the other by becoming an investment manager and outperforming most of his peers. Or, did he?

Who is Price?

The guru was born

421 Views    Robert Abbott    2017-12-11 20:20
Guru sells stake in United States Steel in 4th quarter

Michael Price (Trades, Portfolio), manager of MFP Investors, bought 25 new stakes in the fourth quarter. The largest was his purchase of a 3,578,527-share stake in BMC Stock Holdings Inc. (STCK), an Atlanta-based building materials and solutions provider for professional contractors.

The guru paid an average price of $16.9 per share in a deal that had a 7.39% impact on his portfolio.

Price’s stake is 5.47% of the company’s outstanding shares and 7.39% of his total assets. Price is BMC’s leading shareholder among the gurus.

BMC Stock Holdings has a P/E of 29.8, a P/B of 2.7

1520 Views    David Goodloe    2016-03-03 23:35
Company raises stakes in BP, BlackBerry, GlaxoSmithKline

Kahn Brothers (Trades, Portfolio) makes few sweeping changes to its portfolio. It is a rare quarter when the guru neither buys a new stake nor sells an old one, but that was the case in the fourth quarter. All its activity in the quarter was in existing stakes.

Kahn Brothers (Trades, Portfolio)’ most noteworthy fourth-quarter transaction was the sale of more than 6% of its stake in Pfizer Inc. (PFE), a Groton, Connecticut-based pharmaceutical company. Kahn Brothers (Trades, Portfolio) sold 101,166 shares for an average price of $33.17 per share. The

1691 Views    David Goodloe    2016-02-09 21:44
Guru stock highlight

Another addition to an existing position came from the Fund committing to subscribe to the Trinity Place Holdings (Trinity Place) Rights Offering. Trinity Place (OTCPK:TPHS) was formerly the retail operations of Syms and Filene’s Basement that emerged from bankruptcy in 2013 as a company focused on realizing the value from the remaining assets, including: (i) well-located real estate properties, (ii) intellectual property primarily from Filene’s Basement, and (iii) substantial tax attributes. Since the Fund made its initial investment in 2013, the company has achieved a number of significant milestones under the leadership of its CEO, Matt Messinger, and is now

518 Views    Holly LaFon    2015-12-11 17:17
Once again Guru [url=http://www.gurufocus.com/StockBuy.php?GuruName=Michael+Price]Michael Price[/url], founder of MFP Investments LLC, has timed his buy to cash in on the completion of a company’s major transformation, according to GuruFocus Real Time Picks. Last September Syms Corp. completed its financial restructuring and emerged from Chapter 11 as Trinity Place Holdings Inc. (TPHS). The company formerly called Syms Corporation was a 52-year-old discount chain that eventually dwindled as competitors like TJ Maxx and Marshalls spiked cheap leftover fashions into a super-hot retail category. Divorced from its discount retailer days, Trinity Place has changed not only its name but also its focus - to
1026 Views    Sally Jones    2013-04-18 22:12