Comments on: Update on General Growth Properties – GGWPQ.PK

By: Jennok

Jennok — Tue, 06 Oct 2009 21:55:34 +0000

Thank’s, Great Share !
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By: Brian

Brian — Mon, 05 Oct 2009 17:05:02 +0000

Amy, I am not sure that “Mark to Market” accounting rule changes will have anything to do with the future prospects of GGP. Indirectly, the change of “market-to-market” from the traditional “mark-to-model” is one of the primary inputs to the global credit crisis. The worse the economy got, the worse the marks on credit in a credit market that had no bids (there was no market). This caused any business with a lot of short term debt that matured during the crisis, most prominently including GGP, to be unable to roll over their debt as it matured, regardless of the credit quality. Not being able to pay off or refinance maturing debt put GGP into a technical default and so they sought and received bankruptcy protection.

And now that GGP is in bankruptcy, the court can order the creditors to extend the maturities of the debt. And this is what is happening. So long as the quality of the properties remains high and GGP pays interest and principal on its debt, the court is not going to force a liquidation which would do much damage to the entire commercial RE market.

I think the economy will continue to gradually improve and GGP will be able to negotiate with its creditors within bankruptcy protection and will come out in very good shape.

By: Amy

Amy — Mon, 05 Oct 2009 01:06:06 +0000

Interesting blog. I wonder what the effects of a return to mark to market for asset prices will have on it later this year?
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By: Update On General Growth Properties – GGWPQ.PK » Investing & Personal Money Management

Wed, 29 Jul 2009 17:46:46 +0000

[...] few weeks since the last post on the story of General Growth Companies and Pershing Square’s Bill Ackman. By all accounts, everything is going as originally [...]

By: Update On General Growth Properties – GGWPQ.PK | Online Investing For Beginners

Fri, 24 Jul 2009 16:55:33 +0000

[...] few weeks since the last post on the story of General Growth Companies and Pershing Square’s Bill Ackman. By all accounts, everything is going as originally [...]

By: Update On General Growth Properties – GGWPQ.PK | New Investment

Update On General Growth Properties – GGWPQ.PK | New Investment — Fri, 24 Jul 2009 10:23:19 +0000

[...] of General Growth Companies and Pershing Square’s Bill Ackman. By all accounts, everything is going as originally [...]

By: Gabriel Celibataire

Gabriel Celibataire — Thu, 23 Jul 2009 11:59:12 +0000

Around the current price GGWPQ.PK represents a truly incredible”special situation” investment (especially in today’s environment, providing savvy investors with potentially enormous returns with very little risk.

By: List of Penny Stocks » Blog Archive » Update On General Growth Properties – GGWPQ.PK

Thu, 23 Jul 2009 10:35:12 +0000

[...] few weeks since the last post on the story of General Growth Companies and Pershing Square’s Bill Ackman. By all accounts, everything is going as originally [...]

By: just ptc

just ptc — Wed, 22 Jul 2009 10:45:55 +0000

good posting, nice job!