Parsad Posted August 9, 2013 Share Posted August 9, 2013 Nope, not Prem...Bruce Flatt of Brookfield. Cheers! http://www.cnbc.com/id/100952444 Link to comment Share on other sites More sharing options...
nkp007 Posted August 9, 2013 Share Posted August 9, 2013 Love this guy and their GGP investment. GGP in bankruptcy under a dollar will haunt me forever. GGP was generating enough cash to keep current on loans, but it just couldn't roll them over. The banks' were incentivized to extend the loans rather than try to liquidate all the malls and occupancy was still around ~90%. Company was generating tons of cash, just not enough to pay off all its loans. Not a big deal usually...unless it's early 2009. I had just started learning about investing in 2008, so I still had no clue what was going on, but this was a punchcard opportunity. Link to comment Share on other sites More sharing options...
txlaw Posted August 9, 2013 Share Posted August 9, 2013 Thanks for posting. Man, I wish they had asked Flatt about what he thinks of Ackman. Link to comment Share on other sites More sharing options...
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