Replies to post #1538 on "~FAnTA$tic DD ~"

[RonnieD]

well, they should pay attention to the news.
General Growth Properties is covered by many news outlets, so they can just do a news search on any search engine and stay up to date.
http://news.google.com/news?pz=1&ned=us&hl=en&q=%22general+growth+properties%22
I have no targets. There was some call buying activity today, so maybe you could play it that way.
The only figure that means anything is $12 in assets over liabilities. It's only here (price) because 4 bil debt is either due or near due, and they need refi.
Monday 5pm is the deadline for the Rouse subsidiary bondholders to agree to forbear.. news may come after the bell.
I won't suggest when they should take any or all off the table, that's their call.. but I will say that the potential to head into multi-dollars in the near term is definitely there.
After the bondholders news, assuming they agree, Citi will extend it's loan, and GGP will sell malls. They already have offers for at least 400M on 3 properties, and others up for sale.
It's an events-based company, and if the spectre of possible bankruptcy is put back in the closet, it can work it's way back to 5-10+ as rapidly as events and the credit markets allow.
If that happens, I would tell them not to sell it short, so to speak.