mcrem51

Things Not All That Bad at General Growth Properties

I think his point is simply that the whole is worth way too much less than the sum of its parts. I've been watching this company thinking it would go bankrupt everyday for three months now. But the second generation family that sits on its board will seemingly do anything - everything - to avoid bankruptcy. On top of that, I'm not so sure the federal government will allow the nation's second largest mall owner to fail. It can't get extensions on its loans, it hasn't been able to sell its assets, but the banks don't appear especially interested in taking it over, which they've been able to do since the company violated its forbearance agreements last week. What’s next for this company?