Thursday, 22 May 2008 05:00

Why didn't Business Week give me any love???

An interesting and inforamtive article in Business Week on GGP . The only problem is that they failed to mention the world's best blog (that's my blog, for those that needed help with that)!Tongue out For those who have no idea what I am talking about, reference the press release that GGP released in response to my research and Herb Greenberg's article. Here is a listing of my rather extensive research to date on GGP. Be sure to click through all of the links. And from Business Week:

Bucksbaum vows his company will deliver gains, but plenty are skeptical. When critics such as MarketWatch columnist Herb Greenberg raised questions in January about high debt levels, the company lashed out in a press release, insisting it was "absolutely not in any danger" of filing for bankruptcy protection—a prospect that most industry experts agree is far-fetched. Still, just two months later, Standard & Poor's, which, like BW Chicago, is owned by The McGraw-Hill Companies (MHP), downgraded the REIT's credit rating to junk status, warning that borrowing costs could climb. "They are more likely to significantly pare back development," notes S&P Managing Director Lisa Sarajian. Indeed, General Growth has shelved a planned $600 million in developments.

Last modified on Thursday, 22 May 2008 05:00