Have been getting a bunch of questions regarding General Growth (GGWPQ). The majority tend to be of the “is it too late to buy?” vein.
I thought I would answer by giving some of Bill Ackman’s (the company’s largest shareholder) ownership data. Remember, Ackman has said he feels he may eventually see 13 times appreciation over his purchase prices. The swaps are settled monthly with collateral being posted in either direction based on the movement of the stock price and a cash payment in either direction at expiration..
Chart (click to enlarge)
Disclosure (“none” means no position):Long GGWPQ