User 324565

The Logic Behind Bill Ackman's Purchase of General Growth Properties

Ackman's would've won the game if GGP's file for protection back in December '08. I would've have won too if bankruptcy gone though. I bought 5k shares earlier in December and decided to dumped that stocks at the end of '08 when GGP got loans extension. Reason Ackman's might have problem and it's shown with current share price is that the longer he wait the more assets would depreciated due to vacancy rate. I'm not surprise if their assets value is now much less than liabilities by now and it will get much worst as time goes by. I still like to put GGP under my radar but that get rich quick scheme is just too little and too late.