A reassuring take on recent GGP rumors
Todd Sullivan talks about Simon's next rumored bid for GGP
Written by Douglas Estadt
Rumors are again swirling around General Growth Properties. The latest one floating around is that Simon Properties is preparing another lowball bid around $13 for GGP shares. Todd Sullivan from http://ValuePlays.net helps us with reasons to not take this too seriously:
- $13/share is $3 less than GGP's price at its lowest point today
- People want these properties, so it's hard to see shareholders selling out for such a low bid
- Other, more serious potential bidders are taking action as we get closer to deadlines
- Regardless if this low-ball materializes, many others will bid for these assets
For more with Todd on GGP, see the video belowTo have some of your risk capital autotraded for you on Covestor Investment Management, see my model here.
Visit Wall Street Media. We feature exclusive insights from the world's leading transparent investors.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.