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Business Week (Free subscription) | 06/10/2008
Goldman Sachs analyst Adrianne Shapira says she sees two trends driving Costco Wholesale () shares higher: 1) evidence that the franchise is gaining critical share - she expects consistent traffic and sales trends in a sea of disappointing same-store sales releases, and 2) potential upside after management's downwardly revised EPS expectations due to LIFO charges and gas profitability as the commodity...
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Columbia Compass (Free subscription) | 06/10/2008
Last Wednesday, the folks from General Growth Properties arrived at the CA boardroom to discuss downtown Columbia. Based on an agenda posted on the Columbia Association website, the topic of discussion was to be Symphony Woods. Upon arriving in the boardroom, it was clear that much more was going on. Easels were erected, festooned with large placards depicting Symphony Woods and other parts of downtown...
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Tales Of Two Cities (Free subscription) | 06/10/2008
Lacey, a commenter on the post “ The Winds Are Shifting Part Two ,” pointed out that the fact that nine senior executives of General Growth Properties “dumped millions of dollars of stock on around Sept. 26, days before the amendment submission.” It turns out that the bulk of those insider stock sales were by one guy, the chief financial officer. From September 18th through October 3rd, Bernard Freibaum...
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Seeking Alpha (Free subscription) | 06/10/2008
Kai Tao submits: On Thursday, there was an article by shareholder advisory firm Glass, Lewis & Co., which contributed to the 50% selloff in REIT General Growth Properties (GGP) stock on Friday. Essentially, the complaint was that company insiders were selling GGP stock while there was a ban on short selling by the SEC, implying that it was inappropriate. What it failed to note was that those same...
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Baltimore Sun (Free subscription) | 04/10/2008
Shares of General Growth Properties Inc. rose 27 percent yesterday after the Chicago-based mall owner said it replaced its chief financial officer and suspended dividend payments to weather the seizure in financial markets.
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Business Week (Free subscription) | 04/10/2008
General Growth Properties Staggers Under Debt LoadAnalysts say the owner of 200-plus shopping malls might be forced into sale amid cash crunch, credit crisis, stock declines by General Growth Properties (), the nation's No. 2 shopping mall company, may soon become the next giant felled by the credit crunch. Analysts believe that Chief Executive , who put the 54-year-old outfit deep into hock as he...
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Market Watch (Free subscription) | 04/10/2008
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday lowered the senior secured bank debt rating on General Growth Properties , certain of its subsidiaries and Rouse Co. LP to Ba3 from Ba2 and their senior unsecured debt rating to Ba3 from Ba2. The ratings were also placed on review for possible further downgrade. The move reflects General Growth's strained financial flexibility given...
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Business Week (Free subscription) | 03/10/2008
Goldman Sachs analyst Adrianne Shapira says she sees two trends driving Costco Wholesale () shares higher: 1) evidence that the franchise is gaining critical share - she expects consistent traffic and sales trends in a sea of disappointing same-store sales releases, and 2) potential upside after management's downwardly revised EPS expectations due to LIFO charges and gas profitability as the commodity...
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Market Wire - Investment Opinion (Free subscription) | 03/10/2008
LONDON (MARKET WIRE) MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Guess? Inc. (NYSE: GES), Micron Technology Inc. (NYSE: MU),...
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24/7 Wall St. (Free subscription) | 03/10/2008
General Growth Properties Inc. (NYSE: GGP) is getting a lift this morning on what many would otherwise consider bad news. The REIT has replaced its chief... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Chicago Tribune (Free subscription) | 03/10/2008
General Growth Properties Inc. said Friday morning that Chief Financial Officer Bernard Freibaum, who has been obliged to sell millions of company shares to satisfy margin calls, has left the embattled real estate investment trust.
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Chicago Tribune (Free subscription) | 03/10/2008
Executives sold $40 million in shares Shares of General Growth Properties Inc. fell 48 percent Thursday to a 12-year low as investors grew concerned that the Chicago-based shopping mall operator won't be able to refinance almost $1 billion in debt that comes due in November.
