Pershing Square's General Growth Properties (GGWPQ) Presentation: Ira Sohn Conference 2009 (Bill Ackman) ~ market folly

Monday, June 1, 2009

Pershing Square's General Growth Properties (GGWPQ) Presentation: Ira Sohn Conference 2009 (Bill Ackman)

If you want a lengthy read, then here you go. Below is Bill Ackman's recent presentation (all 68 pages worth) at the Ira Sohn Conference regarding his General Growth Properties (GGP - now GGWPQ) stake. Previously, we had posted up some of Ackman's thoughts on General Growth. This presentation, however, goes into much more detail.

The general premise of Ackman's investment lies in his belief that GGWPQ's assets are greater than their liabilities and that shareholders could emerge out of the company's bankruptcy unscathed. This theory makes sense, but at the same time you have to consider the morbid state commercial real estate is in currently. Either way, definitely an interesting read.

Here is their presentation and RSS/Email readers will need to come to the blog to view it:


pershing square general growth ira sohn -


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