Down to a dollar after hours.

After hours earnings report - tomorrow morning conference call.

The news looks good here...

Has anyone heard rumors that Disney may buy Playdon?

Looks like we are leveling off; however the downward pressure could make another downleg...

Sure seems to be a ton of upside though - $1.18 to $2.35 would be a tremendous run!

Lot's of negative news regarding inability to get commercial loans. This combined with a lack of PR's from the company regarding the commons contributes to the negative pressure.

One company said GBE was undervalued and thought it should be at $2.5 - perhaps this is a longer play that everyone thought? Or...perhaps this will be another surprise to the upside.

I see this as a high risk stock with a lot of upside, double from here in two months AND with further possible downside of 20% to 30%.

I am of the opinon that my previous prediction of 8 will come true, not becuase of the facts that we all know currently on GGP; however, on the precipice of the issues relating to the world economy, especially europe.

Thanks for the info...

The mall owner said the request constitutes “an attempt to extinguish General Growth’s bargained-for contractual rights” under the bankruptcy loan, which allows the company to convert some or all of the debt to common stock when it exits bankruptcy.

http://www.businessweek.com/news/2010-05-21/general-growth-says-lenders-seek-to-extinguish-rights-update1-.html

Yes - need to see the a couple of their movies first - no one on this board has seen one at the theater yet?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_d8gIwzFTus&pos=6

May 21 (Bloomberg) -- Blackstone Group LP is in talks to invest with Brookfield Asset Management Inc. in a plan to bring mall owner General Growth Properties Inc. out of bankruptcy, according to two people familiar with the negotiations.

Blackstone, based in New York, would contribute $500 million toward the $7 billion in equity Brookfield and partners Fairholme Capital Management LLC and Pershing Square Capital Management LP pledged in bankruptcy court earlier this month, according to the people, who asked not to be identified because the talks aren’t public.

Blackstone would receive a 5 percent stake in Chicago-based General Growth and a seat on its board, the people said. An agreement may be reached as soon as next week, they said. Blackstone, the world’s largest private-equity firm, would also receive 5 million of the 120 million General Growth stock warrants being granted to Brookfield, Miami-based Fairholme and New York-based Pershing Square, one of the people said.

General Growth, the second-biggest U.S. mall owner, won bankruptcy court approval on May 7 for an auction process that includes the Brookfield-led investment. The plan beat out a rival proposal by the country’s biggest mall owner, Indianapolis-based Simon Property Group Inc. Blackstone had been a partner in the Simon offer.

The Brookfield deal would allow General Growth to emerge from bankruptcy as an independent company.

I really hope that we stabalize and it does not go down that far; but the trend of the SPX is downward now and will need some solid good news to turn it the other way - typical correction.

I see that a Buffet scout is looking for aquisitions in europe; which means they see sufficient fear and good deals to buy. Perhaps this will not tank below 9 or 10 - I really hope not; however, will be loading up at 8 in case there is a major sell off for some reason. In these volitile times of markets, I could see getting lucky and catching a boat load at these lower prices - prices that I have pulled out of my hat...

I doubt that the bidding will be lowered all that much and I continue to see this as one of the most solid stocks out there, in terms of not being in the big investors hands yet.

My thoughts have not changed and have only been confirmed from today's events.

100,000 wow, well, let's go for more. I can see this being quite the enterprise!

I see someone from Yahoo got an autograhed book from Ackman - said to "not sell". I have been thinking that USA is no. 1 in the world, europe no. 2 and china no.2 and the rest 3 and 4. Anyway, with a few drinks in me, I do not recall riots in the USA prior the "great recession"; however, do know of recent greek riots in europe.

Let's say that this current, supposed "pullback" is perhaps more than a "pullback". I heard "chatter" on Etrade, that even France is now in the mix of perhaps lack of sustainability in it's current course.

If europe truely is now on the brink of a "depression"; perhaps due partially from lack of US tourists, then no. 2 would in fact ba able to pull down no. 1.

If no. 1 is pulled down, I could see GGP also being pulled down. The recent trend has had an upward momentum (with the exception of the almost predictable montlhy pullbacks); however, with the recent Greek issue, I could see the momentum shifting to the doward direction.

If the downward direction has now gained the momentum, all stocks will also follow suit, so to speak. If all stocks, dispite the recent $15 floor for GGP, have this downward direction, I unfortunately currently see a downward direction for GGP.

A macro perspective, worldwide, is necessary during this time IMO. I see the current obvious trend for GGP is positive; however, I feel I need to curb it with the current world events.

If I sell at current prices and it drops, say to 8 or lower, I could rebuy in with the hopes of the 15 floor being maintained. If the floor is dropped, I would at least cut my losses.

This is also in light of the recent Obama activity to cut the bank profitibility and to trend even more towards a socialistic society. If banks cannot make as much profit, all will suffer IMO. I am not sure, but I would suspect that banks fell befor the general market.

If banks are again pulled back, I could see a pullback on GGP. I have confidence that GGP will survive in the long term; however, serously feel that perhaps a double dip could occur and need to protect my gains.

Is Red Hill a new HH film just released?

http://online.wsj.com/article/SB10001424052748704342604575221401268472286.html?KEYWORDS=simon+general+growth

Tried that number you provided about 10 times at different hours of the day tied to that portion of the country - no luck. Could you please provide me with who you spoke with and what details they told you about the company?

I would not blame anyone for selling and jumping on something that has life to it; however, I know that many on this board have probably turned off their monitors.

Just bought 1000 shares. May buy 6000 more if it drops. Took a tour of the convention center of Encore and viewed the new outdoor pool and night club under construction along the strip - front of the Encore. Absolutely beautiful - I believe this casino will do very well this summer; though Macau make much more money.

The attention to detail and the superbly trained staff makes this casino the only one on the strip that I enjoy to visit and spend time and money.

http://www.cnbc.com/id/15840232?video=1478887312&play=1

Ackman's interview - today! Must see!

Yep - a buck after hours and sure to be around another 10 to 20% tomorrow; however, it may be a great entry point to invest in a great company...

WOW - that does not look good - this came out after hours? Looks like a great opportunity to load up if it drops IMO.

Dropped about another buck after hours to $14.15

Yep, I tried all the phone numbers during business hours in the middle east. Would you please PM me the information?

Thanks for the post, podcast - wonderful interview.

So Stan works at Disney in Burbank, lives in Hollywood someplace...

Very quick thinker and fun...I really liked his story of his horse ride in central park...and, the brutus speach...

Disney has a gold mine in Stan.

Thanks for the post - very clever...

Great - thanks so much!!!!!

If you never sold those shares, you must have read one of the Warren Buffet books? buy and hold and take a peek after a year

Thanks for you thought provoking post, doing dd on the financials and coming up with some good questions. I spoke with Fred - I am sure he could answer your questions. My guess is that they quickly put the financials together and may have forgot to put in numbers on those items...you never know until you ask.

I am fine with what happened as this was still close to the heart of the recession, dare I say almost depression, so as skies are clearing, so to Hannover House....

It is exciting to have a front row seat to the summer spectacle that we are about to witness, and profit from....

Appreciate your analysis - thanks!

Thanks - people mark for you!

I like this stock as a long term stabilizing stock.... that's my game plan anyway...

Detearing, I second that motion, when someone says they spoke with someone from the company and refuses to provide the facts, pretty suspicous...

All I need are some facts and I will throw some serious money at this one...

I am not expecting anything this week; however, I have come to believe that news may come at anytime - I disregard the current PR and general tone on Yahoo message board that we remain stagnant until June.

I do expect UBS to assist GGP to remain a stand-alone company. I plan on holding my shares for at lest 5-years from now - I really believe it will be above 100 within this time frame. Consumer america will return...IMO

Yep - heard it all the time when GGWPQ was lower than this - now it is GGP, $15.50 and will be back to $60, IMO in 5 years...wish I had a time machine and would go all in when it was around 0.5

Anyway, I understand the risk and have dedicated a small portion of my portflio for firecracker stocks such as this - too tempting to pass up...

I know GGWPQ and VSTNQ are completely different - mainly Ackman is not buying and making statements; however, I am intrigued by the amount of income they recently reported and the products and services they provide worldwide - if the ec could muster a legitimate front against those opposing forces, drag them down, and win - this could easily be another GGP.

If the judge sides against the commons, I am sure that there would be justification. Having an ec sure makes things at least hopeful for the commons and simply the speculation could drive this stock way way up.

I know that GGWPQ common holders when it was below a dollar had some MAJOR shake outs and those who held need to be commended. I wish I had gone on a europe for a year and come back to a pleasant surprise. I really don't watch this one that close as I know that shake outs will occur - hope I learned my lesson...

Interesting - perhaps this will be a possible recommendation by the committee...ok by me...

I am speculating that POWN is comprised of so many diverse money making venues, it is hard to grasp. Perhaps we only have the small investors; however, hopefully, either Disney or other large investors will take heed, do the time consuming dd, and throw some serious money at this one...perhaps latter in the summer?

Nice post...like "pay no attention to the man (wizard) behind the curtain"

This stock just keeps climbing$$$$$$$$

These tweets are quite interesting. I would think that Stan would not want the SEC to unravel any communications of his tweets and interpret them to a certain meaning. His tweets are curious as they seem to imply a certain meaning relating to the stock; however, I doubt any attorney from the SEC would be able to prove a particular meaning. If only someone could understand the dialect or have an interpretation handbook...

Well, we did get 19 cents while they were in bk, I would hope that we would get back to normal soon...

Looking forward to some news and the dividend$$$