MPG Investor

Why Maguire Properties is Going Down

Great article, spot on back in August. What's your call for 2009? According to the letter from the former CEO, the loans are not cross-collateralized. If they walk from all their debt and just keep a couple of the properties which have equity, their remaining equity would exceed current market cap. How do you see this playing out? Seems like a good buy if they can walk from the debt.