General Growth Properties Inc. (GGP)

[millionflair]

BK IS A GOOD THING PEOPLE!!!

You all talk like bankruptcy is a bad thing. Read the article posted a few messages back. This is a liquidity problem, not a solvency one. To dumb it down, if your loved one was ransomed fro $100,000 and you had $1,000 000 in assets, but they were all tied up in property, you have a liquidity problem. Given time and some restructuring, i.e. sell off a few assets, you can pay the ransom and still have $900,000 left over, albeit still an illiquid situation, BUT, you have paid off the kidnappers. GGP needs to pay off the kidnappers, i.e. make some past due payments on some notes and agreements, most likely through some refinancing and selling of some assets. How best to refinance??? BK, baby. You still get to keep the assets, refinance, have time for the commercial real estate market to bounce back, probably within 2 years.

In a nutshell, each share is worth anywhere from $3-$12 depending on what the assets are valued at and who you want to believe. A bk would actually help us achieve a MUCH better share price. I could go on and give further examples of how this is a great play, but just reread RonnieD and some of his links to articles.