He make salient point about the operating businesses, they are fine.
* Rent are stable
* NOI up
* Not negotiating leases
* Occupancy strong
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12 replies on “General Growth’s COO Nolan on CNBC (video)”
Todd, Have you looked into GGP Preferreds at all as part of this play? Tom
Todd,
I have been following your blog for last 2 years or so but I must say, its quality has dipped a bit. First the layout, its cluttered with ads which make page loading and navigation slow, in addition to an eyesore. I understand you need to make money as well for your time but it would be nice to place add at a few places and not throughout the board. The quality of content has also gone down a bit. Its more of an news and video gathering service rather than original thoughts. I used to enjoy your thoughts earlier but I miss them now.
I mean no ill intentions but just wanted to put in my thoughts here.
What are you all talking about? Do you work. Todd’s posts are a starting place…In no way does Todd’s posts do YOUR analysis of the securities.
Do your homework people.
Ryan,
Like I said, I mean no ill intention. And I dont except Todd or anyone to do any analysis for my investment decision. I am fortunate enough to be qualified to make my own judgements.
Besides, I think Todd has been more wrong than right in last few months with his stock picks. To name a few DOW, WB and more recently GGP.
harsh,
thanks for the site input
BUT..you have not been following close..
ggp was bought at $.49
a significant addition to my dow holdings were made and twittered at $6.80 that (now $11+)
WB was sold last year at $14 and change well before the collapse (as was C)
as for other recent picks, rhie is up over 50% and EXH, i think today was at $21 vs the $18 i first talked about it at…although i did not actually buy it
This BK is gonna come at significant dilution to the shareholder.
Ackman wants 5% of each class of common just for the DIP Loans. Thats aprox 20m shares if they translate 1 to 1 in the future. “Debtors have the right to elect to pay all or a
portion of the outstanding principal of the DIP Loan and accrued
and unpaid interest due by issuing common stock of GGP to the DIP
Lender. ” Plus, bonds might get converted into that.
sry not each class of common rather “each class of equity securities “
there is no each class of common. I’m retarded.
dilution..you are right..
BUT, if you buy in at .50, dilute me 80% and i still make a killing down the road
I agree, speculation on what the conversion from pre to post-bk is going to be is just that…speculation.
tom, right and wrong is a matter of time and has everything to do with your time reference. Value guys arnt looking for day trades we are looking for an “acceptable rate of return.” That rate of return depends on several things, time is only one component that is included in the calculation of an “acceptable rate of return.”
Time and time again, value guys say we’re not market timers. Its almost silly that they have to continue to get asked the question.
Time will tell if Todd is right…that is time will tell if he gets “acceptable rates of return” on his investments.
Hi Todd, looking forward to your comments after yesterday’s GGP call.
Thanks.
uploading video now
FYI – Just noticed GGP’s new ticker is GGWPQ: OTC and it’s trading this morning.