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This one looks like a good short to me.

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  • #1

    This one looks like a good short to me.

    General Growth Properties looks like it's got some good scalping potential in the coming weeks.


    Huge distribution volume spike just a little while ago, it's got a nice low very managable P/E ratio of only 258, insiders own 11% and institutionals own 82% so it looks like there could be a real good race for the exit doors. Insiders are selling and since I'm a betting man I'm thinking that FREIBAUM BERNARD looks like he just shorted about $5 million of his own stock at $66.05 to $64.14 after exercising options at about $35. This company is swapping debt and no gain to dividends. This stock is certainly in the right market place (Real Estate) for a crash, so bad news regarding this company would be expected. Good volitility, good volume, hefty price sitting well above it's 50-day-moving-average. This one looks like one to keep an eye on and short the crap out of hopefully with other people's money in the next week or two. Thoughts everyone?
    "Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
    - Charles Mackay
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  • #2
    Re: This one looks like a good short to me.

    Nice one Tet!

    http://www.ggp.com/company/PressRelease.asp?id=349

    Press Releases


    General Growth Properties Declares Quarterly Dividend on Common Stock


    Chicago, Illinois, April 5, 2007 -- General Growth Properties, Inc. (NYSE: GGP) today declared a dividend of $0.45 per share, payable April 30, 2007, to common stockholders of record as of April 16, 2007. The current dividend represents an increase of 9.8 percent over the comparable period one year ago.
    The Company is the second largest U.S.-based publicly traded Real Estate Investment Trust based upon total market capitalization. The Company currently has an ownership interest in or management responsibility for a portfolio of more than 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol “GGP”.
    (emphasis added)

    Thanks Tet! I have it under analysis.
    Last edited by Sapiens; April 13, 2007, 10:58 AM.

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    • #3
      Re: This one looks like a good short to me.

      Originally posted by Tet View Post
      General Growth Properties looks like it's got some good scalping potential in the coming weeks.

      Made some dough on this one, thanks Tet.

      http://www.bloomberg.com/apps/cbuilder?ticker1=GGP:US

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