cmon folks use common sense..Obama wil do this..matter of time .Tarp 2 OR very attractive low interest loans.
$ will be thrown that way..NAR and other real estate groups already lobbying behind the scenes.
The play here is LONG and be patient.
over 50 % off its highs..Dividends will not be cut.
Do not buy stocks because you hope that the government will bail out a highly distressed industry. Gov Bail outs are not a good sign for REITs. look at the financial and look at the autos.
REITs will pay the price for a bailout. One way or another - all REITS need to reflect a divy and yield that reflect current market conditions. This has not happened yet - but it will soon.
REITs may get bailout.
Look at every company that have received bailouts. The companies are trading down more than 90% from their highs. SPG will be trading single digits with a bailout. Be careful what you ask for; you may get it.
The spg bailout request is in and the spg bailout chorus is getting loader and loader. Only hope, they are doing NOTHING to control their out of control growing exponetial debt! And this stock is trading in double digits? What the heck? Yippe yey aye short this MF.
Great Gathering Places (GGP) General Growth Properties, SPG, and MAC have all had recent institutional purchased. December 1 -30th.
CalPERS, Oppenheimer (MassMutual), and Credit Suisse last week bought millions of shares of GGP, a few hundred thousand SPG's, and MAC.
I am of the opinion that TALF funds will be available to help the shopping center REIT's pave the road to recover.
When inflation hits the road running - these REITS will be great investments.
TALF is a subsidiary of TARP.
All those financials, the autos, the insurers, etc. Sure sure, many were bailed out but only after their stocks were destroyed. Many are still undder $10. Kapish?
Soooo, okey dokey Obama The Messiah is gonna bail 'em out. That means they are distressed and their stocks will crash from here.
Be careful what you wish for longs, you may just get a bailout!
In a bailout we the lender of last resort will cover the bank if the bank owns shares they r the ones keeping this trouble stock up so they can unload and walk away full of cash but the stockholders will hold the empty bag
One u r solid u need no "bailout"
This argument has made me grow tired. Someone....anyone...give me ONE stock that the company has been bailed out and given cash via TARP that did not pay for it through the price of the stock...
best of Luck
There is no way SPG got $1 billion out of Cincinnati Mills. I have been to that mall and it is vacant with more and more tenants leaving. It is actually depressing going there. I was just discussing with a friend the other day that the owner (I didn't even know SPG was the developer at the time) of the property should seriously consider retrofitting the vacant mall for a senior living facility or something.
That is a FAILED shopping mall and was surely a distressed sale so SPG could come up with some cash. I view the sale of Cincinnati Mills as a desparate play for cash b/c SPG is in worse shape than most believe. Just check this link out; http://en.wikipedia.org/wiki/Cincinnati_Mills. According to this, Cincinnati Mills was 40% vacant. Total disaster.
The Cincinnati Mills sale is a bearish development, in my opinion.