Fri, May 24, 2013, 9:53 PM EDT - U.S. Markets closed
they go into Chapter 11? Fortress? lololol
I just bought some. Didn't Fortress pledge their shares? Which means by definition someone more reliable than a hedge fund owns them if they default. I think this looks like a great long term investment and will check back in a year.
Someone other than Fortress owning the shares is as bad as Fortress owning the shares. This company has always been a joke and would be best liquidated.You just cannot overpay for properties in this business and expect to generate a profit and/or cash flow. I wonder how much of their debt is variable rate? lolol