Tuesday, January 13, 2009

Valley Plaza Mall: Target store update

From the Californian:


What I consider to be the money quote:

"The situation leads some area contractors to believe that the problem may have
originated from Chicago-based General Growth Properties, which operates more
than 200 shopping malls across the country, including Valley Plaza.
The company hasn’t filed for bankruptcy protection but has warned that it has
“substantial doubts” about its ability to stay in business due to massive
debts."

Here is a one-year chart of the inaptly-named General Growth Properties (ticker: GGP) . The 52 week range of this stock is $44.23 to $0.24.






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