Trinity Place Holdings (TPHS) is a New York based real estate company that was formerly Syms Department Stores. Syms went into bankruptcy, and the reorganized company is building a 50-story skyrise on a valuable piece of property on Greenwich St. in New York City. The stock trades at a large discount to its true value, but the company has offered new shares, and the stock has not performed well. The two largest shareholders, Michael Price and Third Avenue, just increased their holdings.
The stock trades for $4.09, there are 31.9 million shares, and the market