Thought I'd post on a board that no one reads, heh, heh. Simply amazing. volume. Forced selling for sure. This is not a sign that some intelligent investor is liquidating. Their backs are up against the wall. Bub speaks
I don't follow ggp but did look it up. I know if they owed me the 900 mil, I'd certainly give them room and time to collect my loan. I mean what other option is there, unless you're in a position to take the loss. I know it's not as simple as I've stated here but certainly they can arrive at some new middle ground in light of these times??? GGP however will be weaker for not meeting initial terms. As for share price reaction or value I have no idea, not interested in any additional risk.
Well, well Bub, you are one smart cookie for investing in this preferred! Too bad no one looks at this board or they might see what to do also. Since no one looks at this board, I thought I'd write myself a note. Folks, I'm retired and I got to amuse myself someway.
I'm retired as well and I scan this board daily to see if more folks are climbing on board. Bought my first AHT.D a few days back at the 5.00 price after a friend brought this rare opportunity to my attention. Been hoping who ever had to dump the large volume of shares would continue, guess that $4 & $5 price may is history now as the price seems to be in a recovery mode.