Seeking Alpha

davidbdc » Comments » BONT

  • General Growth Properties Bankruptcy: Not the End of Malls [View article]
    I think there is value in GGP overall. Whether that is .25 or $25 I don't know. Two things:

    1. I absolutely agree with the poster that commented on their single asset entities. I think the lenders to those entities have very good grounds to appeal, and if that was reversed then GGP's "value" would be much less.

    2. My skepticism with any GGP valuation is "who is going to buy?". I'm sure they have some prime properties that people will be willing to pay something close to what GGP thinks they are worth. But beyond the top 10-15-20 properties who is going to pay anything above "firesale" prices?

    I wish you well with your investment, but I don't think its a slam dunk that GGP comes out with equity holders doing well.
    Oct 11 07:44 am |Rating: +2 0 |Link to Comment
More on BONT by davidbdc
Comments by Ticker
AA, AAPL, ACL, ADUS, AGN, AIG, AKR, AMB, AMD, AMED, AMGN, AMTD, AMZN, ANF, APC, APL, ARE, AUS, AVB, AXP, BA, BAC, BAM, BBBY, BCPC, BDN, BIIB, BKC, BLUD, BMR, BONT, BP, BQI, BRE, BRK.A, BRK.B, BSX, BXP, BYI, C, CASS, CAT, CBK, CBY, CCTYQ.PK, CDPYF.PK, CDR, CEF, CELG, CH,
davidbdc's
Comments Stats
302 comments
Rating: 691 (869 - 178 )