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Hey kk,The daytrader argument does not apply either.The markets have been smokin the last month.Every trader I know has been doing great trading the swings on big board stocks.Their has not been a need to flip between .018/.021 if timed perfectly.Bob :))
Hey Dolphy,I think Jared is being to secretive about everything regarding contracts/new customers.Their is no need to be holding back signed contracts etc.If.10 is too low then why not release news on contracts when the stock is at .02?He says he is concerned about shareholders.Then he should start telling the shareholders what they have been asking for since the return from S.Korea.Many posters including myself have been told by IR and other "reputable" posters their were a lot of items to be pr'd going back to the S.Korea return.Any ceo thinking about selling a company would want the share price higher thus making the potential buyer come in with a higher price.That is how it works unless....Bob :))
Tend to agree,Eeso has traded over 600 million shares in the last 18 days between basically .018/.021.Most pinkies with that volume would be crushed by now because the mm's would would play into the selling and drop the bid fast and furious.The Truth
If you say ppgc really fast it sounds like a Italian mobster.lol
LOL
Not yet that I see.
GGP~General Growth Properties files for bankruptcy
By Steve Goldstein & Andria Cheng, MarketWatch
Last update: 10:27 a.m. EDT April 16, 2009Comments: 53NEW YORK (MarketWatch) -- After several round of waivers from creditors and a long struggle to stay afloat, the nation's second largest mall operator, General Growth Properties, on Thursday filed for bankruptcy protection, saying it couldn't reach an out-of-court consensus on how to restructure its mounting debt pile.
The Chicago-based firm, which operates malls in 44 states, was brought low by an aggressive growth and acquisition strategy funded by debt. As the credit crisis hit and the U.S. consumer started saving more and spending less, the company's retail clients felt the pinch, which flowed through to General Growth in the form of retail store closings and bankruptcies.
The company was ultimately unable to refinance much of its debt, and was forced to file bankruptcy.
For its retail tenants still in place at malls like Boston's Faneuil Hall and New York's South Street Seaport the bankruptcy is expected to have limited impact, analysts said.
"The bankruptcy will prevent renegotiation with creditors from disrupting day to day management of properties and relationships with retail partners - so no precipitous actions in the short term," said Dave Sievers, a partner at Archstone Consulting, in an email.
"In the medium to long term, bankruptcy, and new credit agreements will require (General Growth) properties to be economically viable. Retail lease agreements will have to make economic sense otherwise the properties and the leases will have to be reorganized."
For consumers, it's also likely business as usual
"I cannot imagine it having any (impact) on tenants or tenant leases," said Michael Niemira, chief economist of International Council of Shopping Centers. "I doubt many consumers care or even know who owns the property that they are shopping at."
Even in the event of a possible liquidation, the property goes to the creditors, either a bank or another lender, which will still own the property, Niemira said.
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GGP 1.05, +0.01, +1.0%) said it filed for bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. In addition, approximately 158 regional shopping centers also filed for protection.
In February, the company reported $1.18 billion of past due debt and another $4.1 billion of debt that could be accelerated.
All day-to-day operations and business of all of the company's shopping centers and other properties will continue as usual, the Chicago firm said.
The company intends to pursue a plan of reorganization that extends mortgage maturities and reduces its corporate debt and overall leverage.
It has received a commitment for a debtor-in-possession financing facility of approximately $375 million from Pershing Square Capital Management.
"Our core business remains sound and is performing well with stable cash flows. We believe that chapter 11 is the best process for restructuring maturing mortgage loans, reducing the company's corporate debt, and establishing a sustainable, long-term capital structure for the company," said Adam Metz, chief executive.
"While we have worked tirelessly in the past several months to address our maturing debts, the collapse of the credit markets has made it impossible for us to refinance maturing debt outside of chapter 11," he said.
The company's portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide.
Shares of General Growth Properties closed Wednesday at $1.05, down from its 52-week high of $44.23.
GGP~The bond holders should not have pushed them with the lawsuit.Bob :))
Going to start keeping tabs on Freddie and Fanny also.When you get a chance could you do the charts on Fnm and Fre?Gotta start getting ready for the economic comeback.HeHe Thanks :))
Yea Amr had a nice pop.Ddr also~UPDATE: American Owner AMR Reports Wider Loss; Shares Up On Outlook
By Christopher Hinton
NEW YORK (Dow Jones) -- American Airlines parent company AMR Corp. reported a wider first-quarter loss Wednesday due to falling passenger demand and lower ticket prices.
For the recent quarter, the Fort Worth, Texas, carrier (AMR) said it earned $375 million, or $1.35 a share, compared to $341 million, or $1.37 a share, in the year-ago period. Revenue fell to $4.84 billion from $5.7 billion.
"While lower fuel prices have provided a significant buffer against falling demand in 2009, the struggling economy and capital markets remain significant challenges for American and the rest of the industry," said Chairman and Chief Executive Gerard Arpey.
Excluding a one-time $13 million charge related to the early retirement of leased A300 aircraft, AMR said it lost $1.30 a share. That was better than the Wall Street forecast of $1.45 a share loss on revenue of $4.7 billion.
The airline said its unit costs for the first quarter and its annual outlook were better than what it had estimated in January.
Shares of AMR leapt 15.4% to $4.87 in recent trading. Year to date, the stock is down about 60% as demand plummeted on the back of contracting economy.
AMR is the first legacy-carrier operator to post its first-quarter results. Delta Air Lines (DAL), Continental Airlines (CAL), US Airways (LCC), and United Airlines parent UAL Corp. (UAUA) will report their results next week.
Declining fuel costs paid a significant role in AMR's better-than expected performance. American Airlines mainline unit costs fell 6.8% in the first quarter as the price paid for jet fuel fell to an average of $1.91 a gallon from $2.74 a gallon last year, a 30% decrease.
Excluding fuel, mainline costs grew 6.8% because of capacity cuts, higher landing fees and increased employee benefits.
AMR said it ended the quarter with $3.3 billion in cash and short-term investments, versus $4.3 billion at the end of the fourth quarter.
CBL closed 4.44 +.83.Shes a official swinger now with the upgrade.
Hi Flip,I did not have siri on watch.I will start keeping an eye on it.Ebhi broke the .39/.40 technical/psychological support.Next stop may be near the 52 wk low.29/.30 if no news on the debt being reworked.I did see some good bid support at.37 today.
CBL 4.15+.54 on upgrade~
April 15, 2009 7:48 AM EDT
Goldman Sachs upgrades CBL & Associates Properties Inc. (NYSE: CBL) from Sell to Neutral.
CBL & Associates Properties, Inc., a real estate investment trust (REIT), engages in the ownership, development, acquisition, leasing, management, and operation of regional shopping malls and community centers.
Hey MWM,Hows it going?How often is the short squeeze site updated?When it shows +/- is that from previous month~week etc.CBL is one of the 5 retail developers I follow.The other 4 are pei~ddr~ggp and grt.Thanks Bob :))
Hey Bull,A man of my own heart.Irish pimp~The Irish Mob will always have a place for you.lol Bob :))
Night
Well we know retail sales reports came in down for March.Easter fell in march last year and that should have been no surprise as Easter week adds big time to sales.They do not tell you that.Now as far as April goes.So far the weather has been horrible compared to last year in the NE and for most of the states turning from winter to warm spring temps.Unless we get a strong second half of April with warm/sunny temps April looks down also at this point.Easter sales were strong but the weather was still crappy and they were not nearly as strong if it was warm and sunny.Bob:))
Welcome One,Being a board Virgin may give you more credibility.(lol)
Hey Janice,Agree somewhat with your statement.Depends on if the company comes through.That goes for all companies on any exchange.Bob :))
Agree Purdue,All anyone has to do is read the front page of the newspaper everyday.It is human nature to dwell on the bad.It sells papers.Even better watch any news station.Once again bad news creates viewers.Sadly that is human nature.No wonder consumer confidence is in the toilet.I do not live that way.I look for the positives in the negativity and try to capitalize on the situations.That goes for biz and life.Bob :))
That would be expected.
Hey Janice,Feisty tonight.lol Bob :))
Congrats to some of the posters that figured out that a Dow subsidiary was in the mix.Jared stated that was indeed the situation.
Lets do it Power.Eeso doesn't have paid promoters.The company does need a marketer as do all companies.
One signed large contract breaks us out of the paint drying movement.lol Bob
I am thinking it is the large S.Korea deal and or the rumoured new large customer.Signed deals make a big difference to pink investors/traders.
While people worry about everything else.Share count is what makes and breaks these pinks.Looks safe at this point.
That was one of my main questions.I think we are safe on that front for now.All I want now is the large S.Korea contract signed with the Lee's.Since Jared stated it was one of the important deals.I think we hear something soon on that front.He stated pr's would be released that would basically blow us away.Good enough :))
Hey Larry,One of my main questions was on share structure.I am fairly content that the Authorized will not be raised for now.Jared also stated he has no intent on converting the preferred convertibles to common.He also stated the companies intentions were to reduce the shares out.I could see jared's point on just checking the nevada sos for share count.Good enough for now.He did mention the large S.Korea contract with the Lee's as being important.Expecting that to be pr'd as signed soon.They were my two main questions.Bob :))
Hey Sammy,Jared did say No increase in Authorized shares.He also stated he has no intention to convert the Preferred convertible to common.He also stated the companies goal is to reduce shares.
Anyone remember that Katrina clean up company that was hyped with all the contracts a few years ago?It was a good trader for a while but....
My thoughts exactly on eeso.Been trading tight for a few weeks now.Gonna listen to the cc and see if they give any solid info on signed contracts~share structure.Those two items are the big hangups with the stock and for good cause.Bob :))
Very Good.The main thing with the Banks~Retail developers and retailers is how their debt will be delt with.Creates good swings that last more than a day.BK is the main fear.I will feel better about holding some of these longer when the credit markets loosen.I mean bank lending not Obama lending.lol Bob :))
DDR continues to bust a move out of the 2's~3.41+19.PEI crashing into the 6's~6.53+.55.GGP weathered the possible lawsuit news 1.09+.04.Thought we would get a better buying opportunity.We still may.CBL and Grt are down a little.Only trading all of them currently.I do not like holding to many situations these days.Better safe than sorry.Bob :))
Maybe thats why the international expansion.People less likely to call.lol
Fundamental dd on the Funds buying.OhLaLa HaHa
Harshbarger heading back up your way for trial.She lives in my area and shot her husband.Thought he was a bear.April 13, 2009
A woman from Wyoming County will have to return to Canada to face charges in connection with her husband's death.
A federal judge denied Marybeth Harshbarger's extradition appeal Monday. She is now expected to turn herself in to federal marshals by April 27 and be returned to Canada. Authorities there said Harshbarger was negligent when she shot her husband in 2006 while on a hunting trip. She claims to have thought her husband was a bear.
Copyright © 2009, WNEP-TV
You did well on fitb.Nice Job.National League
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Houston 0 0 0 0 0 0 0 0 0 0 4 0
Pittsburgh « 1 0 5 0 0 0 0 1 x 7 14 0