General Growth Properties Inc. (GGP) Buy,…

General Growth Properties Inc. (GGP)

0.00

-0.00 (0.00%)

2 watching

PAST TOP PICK

(Top Pick Nov 20/13, Up 19.41%) Owns high quality shopping malls in the US. Brookfield got it when they filed for bankrupsy during the financial crisis. They lowered their leverage and staggered out their debt maturities. Trades at a slight discount to net asset value.

TOP PICK

Filed for bankruptcy coming out of the financial crisis but they are fine now. Have done a great job of shedding non-core assets that aren`t involved in retail as well as to ensure debt structure is laddered. Will benefit from the strength in the US consumer.

TOP PICK

Premier shopping malls across the US. Portfolio has been repositioned and they have gotten rid of non-core assets. We are starting to see the fruits of their labour. Sales per square foot are growing at about 5% per quarter. Anticipates more upside out of their portfolios. 2.7% distribution.

DON'T BUY

Emerged out of bankruptcy. Strong sponsorship. Huge rally in B-Quality malls today and this one trades in line with them. Exited this name in downturn earlier this year. 10-12% total return but he is more comfortable with domestic names.

COMMENT

They couldn’t finance their debt and went into bankruptcy but assets were worth $25 a share. He bought at $0.50 because he calculated it was worth $8.

TOP PICK

Real estate. Likes it because it is a financial and because it has had a big drop. A good company. Feels the whole financial services area has been very deeply oversold. Does not have exposure to the mortgage problems. You have to get out if it hits $47 again.

TOP PICK

The drop is more interest rate related. A re-tracement to the $64 would not be unexpected. Also pays a small dividend. This is a short-term trade and is looking for 10% in the next month or two.

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General Growth Properties Inc. (GGP) Frequently Asked Questions

What is General Growth Properties Inc. stock symbol?

General Growth Properties Inc. is a OTC stock, trading under the symbol GGP (previously GGP-N on Stockchase) on the undefined (undefined). It is usually referred to as or GGP

Is General Growth Properties Inc. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on GGP (previously GGP-N on Stockchase) on Stockchase. Read the latest expert commentary for General Growth Properties Inc..

Is General Growth Properties Inc. a good investment or a top pick?

General Growth Properties Inc. was recommended as a Top Pick by Jeff Parent B. Eng. FCSI CIM on 2007-07-06. Read the latest stock experts ratings for General Growth Properties Inc..

Why is General Growth Properties Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for General Growth Properties Inc..

Is General Growth Properties Inc. worth watching?

General Growth Properties Inc. is covered by Stockchase experts and is worth watching.

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General Growth Properties Inc. (GGP)