Are you really here still hoping this tiger is going to change its stripes?
These guys have had years to show what they can do--and they've shown it. Unfortunately, hey have shown over and over and over that they ride the short bus to school. There is no way they are going to change who they are. People who aren't capable just don't wake up one day capable. Not going to happen. The only chance here is that Zel's group has taken over behind the scenes and is now running this thing. It's possible but a long shot. I say possible because the only thing that exceeds the incompetence of current management is their greed. If Zel's people came in and told current management that they are now either "yes" men and can ride this thing to $4 a share or there's the door, there's a chance. With as much stock as current management has given itself in gifts and options, they just might be ready to be "yes" men. I give that chance 10%.
Some old Shareholders of Archstone are suing Lehman EQR and AVB to block the sell of Archstone.
This could cause a big delay. Press that came out last night now indicated a March 26 closing unless the shareholders block the sale. That date is news to me. EQR was clear on March 1 2013 closing.
Muddy waters now for sure!