SL Green Realty (SLG) Stock May Be 42% Undervalued Despite 245 Park Redesign

SL Green Realty has seen a sharp mix of gains and setbacks in recent years. This puts fresh focus on whether its current share price lines up with the cash it can generate. With the stock recently closing around US$45, the real question for investors is how that market tag compares with what the business can plausibly produce in future cash flows. Over the past 3 years the share price has risen about 71.4%, which puts real weight on whether that recovery is fully supported by the underlying...