Simon: GGP Assets “Unique Opportunity” $$
- Posted by ToddSullivan
- on December 1st, 2009
Hat tip @presidentbarama on twitter for this one
Listen to the question Wilbur Ross asks… “Will you have competition in the bidding?” … Simon does NOT deny a bid is coming, rather he says that GGP being so large is good because “there are only one or two players in the industry who can compete for it”.
I hope Simon is not a poker player, he just really tipped his hand….big time
As a side note, a General Growth (GGWPQ) and Simon (SPG) tie up would have to be something worth looking at as an investment as its scale would dwarf the rest of the industry and they would have best in class assets.
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Todd's investing strategy is essentially long with the rare short. He seeks to buy undervalued issues with an upcoming catalyst that will help them realized.... More »
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