General Growth Properties Inc.

GGP-N

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about GGP-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 16, 2014

(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 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.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$1.050
Owned
Yes
TOP PICK
TOP PICK
July 9, 2014

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.

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.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$1.050
Owned
Yes
TOP PICK
TOP PICK
November 20, 2013

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.

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.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$1.050
Owned
Yes
DON'T BUY
DON'T BUY
December 5, 2011
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.
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.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$1.050
Owned
No
COMMENT
COMMENT
July 22, 2011
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.
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.
Richard Fogler
Portfolio Manager, Kingwest & Company
Price
$1.050
Owned
Yes
TOP PICK
TOP PICK
August 15, 2007
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.
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.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$48.610
Owned
Yes
TOP PICK
TOP PICK
July 6, 2007
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.
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.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$54.050
Owned
Unknown
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