Looks like stock up now. Is it technical because the stock has been beaten down so much? Other positive is taking the charge for unstarted projects. The actual numbers to me look like a miss. $.96 was estimate and reported $.80? Maybe that's because of the charge.
On the call tomorrow there are two things I'd like to hear about. They mention in the PR that they have addressed debt, but no details. If it was paid, they would have said that. Has to be restructuring. What terms and how much of 2009 is left to complete.
Other item is they are maintaining current guidance. So what assumptions about the economy and retail environment are they using. A second half turnaround? What is the projection / stress level number for major tenants that may go out of business over the next 12 months. They have to have some allowance for that. If not, guidance isn't accurate. Like banks and credit cards; there has to be a provision for bad debt / write offs.
ptgkc: You express a concern about a provision for an "allowance" or as some refer to as an uncollectible. That is being addressed on the Consolidated Balance Sheet. See "Receivables: Tenant, net of allowance 74,402,000".