st,
didn't respond to linda as a rebuttal. she appears to be one of the few who is actually taking the time to try to deep dive into the issues here. i.e., someone who posts something more substantial than wowza!, to the moon, or such.
there are conflicting issues i really don't understand which is why i asked her input.
i sold 5k of the 30k shares i had i ggp in july '09 after purchasing my shares in march '09. that recouped my total outlay for all of my ggp shares. later regretted that move and i felt much more sure about ggp commons surviving than i do here.
since lampert is in an enviable position of winning even if the commons are wiped out, that leaves me conflicted about how this will play out.
agree that shldq will trade for a few months before a por is finalized or before we find out holdco's intentions.
i still hold shares of hhc which was spun off from ggp shortly after the dust settled in that transaction. my basis in hhc is a little under a nickle per share. it closed yesterday at about 110 per share.
don't see a 2,200 x return with shldq but was thinking this might be a portfolio changer on the upside. currently sitting up over 3x on this position. would love to see a 20x - 30x but just don't know.
as i commented on a post yesterday, i think, this is still a paradise for traders. those anticipating a longer hold maybe not so much.
i just don't know. esl/lampert/holdco seem to have many more options for a grandslam than we who hold commons. but isn't that always the case?
