Topic Archives: General Growth Properties (GGP)

Last week we looked at Porter Stansberry’s Put Strategy and his assertion that General Growth Properties would go belly-up last Friday. Well, that mortgage debt of $900 million that came due on Friday for a couple of their Las Vegas malls still hasn’t been extended, renegotiated, or repaid, but the company hasn’t gone bankrupt yet. […]

Porter Stansberry, whose newsletters I write about from time to time, is revamping his new Porter Stansberry’s Put Strategy newsletter to focus not on his original plan — which was selling puts to buy bargains at even lower cost — but on betting on the demise of companies, and particularly (at the moment, at least) companies in commercial real estate.

And here’s the “tease” for the recent letter he sent out about this Put Strategy newsletter:
“America’s Next Major Bankruptcy (it’s not GM or CitiGroup)… Happens this FRIDAY at Midnight” —
What is this one?

Comments

  • Travis Johnson, Stock Gumshoe

    I shared my updated thoughts a couple weeks ago here: https://www.stockgumshoe.com/2020/08/friday-file-mostly-boring-rea...

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    Thank you for this detailed look at BOMN. I feel like I understand the company better, especially the non-billboard part...

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    Glad to hear you're planning to attend the $BOMN get together in June, would love to hear your feedback on that. It's a ...

  • Travis Johnson, Stock Gumshoe

    And yes, I’m noticing now that Boston Omaha is down about 18% today — no news drove the shift, and that doesn’t re...

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    Boston Omaha dipped again today, any chance you're thinking of adding again or are you waiting to see if your guess that...

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    Thank you for a further detailed look in on BOMN...

  • Travis Johnson, Stock Gumshoe

    FYI, Barron's had a note last week on BOMN that basically says what most of us have probably been thinking (the stock go...

  • Travis Johnson, Stock Gumshoe

    Yes, both founders have been rumored to have Berkshire connections -- one is the grandnephew of Warren, the other was ru...

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    One interesting note about Boston Omaha is that one of the heads is the grandson of Warren Buffet himself....

  • Travis Johnson, Stock Gumshoe

    And no, it's not responsible to be calling Boston Omaha a "Baby Berkshire" ... though I imagine some folks will be doing...

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