Comments on: Bill Ackman Pershing Square Investment Strategy http://www.oldschoolvalue.com/blog/investing-strategy/bill-ackman-pershing-square-investment-strategy/?source=rss Perform Stock Valuation Automatically Sat, 11 Feb 2012 19:05:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Wide Moat http://www.oldschoolvalue.com/blog/investing-strategy/bill-ackman-pershing-square-investment-strategy/comment-page-1/#comment-1466 Wide Moat Sun, 08 Feb 2009 01:26:31 +0000 http://www.oldschoolvalue.com/blog/?p=518#comment-1466 Their investment in GGP is very intriguing to me. Their presentation notes that GGP's assets far exceed their liabilities. If that is true, I don't really understand why they cannot get loans for their properties. If there's collateral, then there should be no risk of bankruptcy. However, GGP hasn't been able to refinance a couple of their properties recently. I haven't seen this aspect explained clearly by anyone. <abbr><em>Wide Moat’s last blog post..<a href="http://widemoatinvesting.wordpress.com/2009/02/07/ebay-and-inventory-ii/" rel="nofollow">Ebay and Inventory II</a></abbr></em> Their investment in GGP is very intriguing to me. Their presentation notes that GGP’s assets far exceed their liabilities. If that is true, I don’t really understand why they cannot get loans for their properties. If there’s collateral, then there should be no risk of bankruptcy. However, GGP hasn’t been able to refinance a couple of their properties recently.

I haven’t seen this aspect explained clearly by anyone.

Wide Moat’s last blog post..Ebay and Inventory II

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