BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[General Growth Properties: Too bad to fail and possible happy ending?]]>http://www.bloggingstocks.com/2009/02/23/general-growth-properties-too-bad-to-fail-and-possible-happy-en/http://www.bloggingstocks.com/2009/02/23/general-growth-properties-too-bad-to-fail-and-possible-happy-en/http://www.bloggingstocks.com/2009/02/23/general-growth-properties-too-bad-to-fail-and-possible-happy-en/#commentsFiled under: , ,

It's a rough time to be a shopping center company and, arguably, General Growth Properties (NYSE: GGP) is in the worst shape of the lot. The company faces a whopping $27 billion in maturing debt coming due over the next four years. On Friday, Feb 20, it announced it had defaulted on loans. The Piqqem Sentiment on the company is negative. Shares that traded over $60 per share two years ago are now below 50 cents and are a favorite football of speculators betting that the syndicate of lenders will throw GGP a lifeline rather than eat the bankruptcy costs.

There might be a happy ending to this story, however. The company reports earnings on February 23 and it will certainly be an interesting report -- most likely grim numbers as staggering retailers pass on their shopping plague to the biggest shopping center landlord.

Continue reading General Growth Properties: Too bad to fail and possible happy ending?

General Growth Properties: Too bad to fail and possible happy ending? originally appeared on BloggingStocks on Mon, 23 Feb 2009 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Chapter 11Chapter11CMBScommerical real estateearningsGeneral Growth Propertiesggpretailersshopping centersMon, 23 Feb 2009 09:00:00 EST<![CDATA[Circuit City impact will be deeply felt]]>http://www.bloggingstocks.com/2009/02/04/circuit-city-impact-will-be-deeply-felt/http://www.bloggingstocks.com/2009/02/04/circuit-city-impact-will-be-deeply-felt/http://www.bloggingstocks.com/2009/02/04/circuit-city-impact-will-be-deeply-felt/#commentsFiled under: , , , , , , , ,

We all know the impact that the current economic slowdown has had on Circuit City, but the question over what ultimate impact Circuit City's collapse will have on the economy will take a little longer to figure out. One thing is for sure, the company's collapse could not have come at a worse time for the overall economy.

The first ripple that the market is going to feel is the vacancies that the company is going to leave in its wake after closing its doors. The company was operating 567 stores at the time it announced it was going under, and these stores represented a total square footage of 18.71 million square feet.

Continue reading Circuit City impact will be deeply felt

Circuit City impact will be deeply felt originally appeared on BloggingStocks on Wed, 04 Feb 2009 19:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>advertisingBBYBest BuyBestBuyCircuit CityCircuitCityeconomyHewlett PackardHewlettPackardHPQlayoffsrecessionrental incomeRentalIncomeretailSamsungshopping centersShoppingCentersSNESonyWed, 04 Feb 2009 19:15:00 EST