Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I've read that currently held shares will be worth $15.50 divided between a new GGP stock ($10.50/share) and a new Howard Hughes stock ($5.00/share, though each new share supposedly will be valued around $50/share). Not bad for those who took a flyer on GGP at < $1.00/share. My questions are: 1) how many shares of each will we have when the dust settles? 2) is the $15.50 value per share a floor to its share price on the day of exiting bankruptcy? 3) What if, like today, the share price exceeds the $15.50 share price? Do we lose the additional value of each share? Thanks for your responses .....
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement