Hovde Capital: A Bear Case for General Growth Properties and Mall REITs

Dec 16, 2009

Investment Guru Bill Ackman recently made a presentation arguing a bull case for distressed mall property owner General Growth Properties (GGWPQ, Financial) and that for the mall REITs in general.

Well, there are two sides to every investment story.

Hovde Capital has made a presentation arguing against General Growth, against malls, and against the US Consumer.

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