11:03 AM
Bill Ackman says Hovde's analysis of General Growth Properties (GGWPQ.PK) - which led it to believe its assets no longer exceed its debt - is materially flawed, and thinks the bankruptcy creates a once-in-a-lifetime opportunity for a large strategic buyer (BAM, SPG...).
1 Comment
09:25 AMBrookfield Asset Management (BAM): Q4 EPS of $0.27 beats by $0.11. Revenue of $3.01B (-4.8%) vs. $2.37B. "Our renewable power and office property businesses both produced strong operating cash flows during the quarter, which led to the overall improvement in operating cash flows." (PR)
Comment!
08:17 AMBrookfield Asset Management (BAM): Q3 EPS of $0.27 beats by $0.10. "While we are exercising caution during these turbulent times, and preserving a high level of liquidity, we are exploring a number of potential opportunities..." (PR)
Comment!
Friday, August 8, 2008
09:00 AMBrookfield Asset Management (BAM): Q2 EPS of $0.17 in-line. Revenue of $3.44B vs. $2.28B. [PR]
Comment!