I was first introduced to General Growth Partners (GGP) several years ago at a small alumni gathering featuring Pershing Square’s Bill Ackman as the keynote speaker. Amongst other topics, he spoke about the then bankrupt (trading at <$1) company as his ‘top’ idea at the time. This ‘idea’ turned out to be quite profitable...
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Posts Tagged ‘ PG ’
End Of An Era: Ackman Agrees To Go Passive In General Growth Properties
Is It A Sale Or Is It A Spin? It’s Both- The Magic Of The Reverse Morris Trust
In a famous Saturday Night Live sketch, a young Steve Martin promised that “You too can be a millionaire, and not pay taxes.” While the advice he proceeded to give was ineffective, using a reverse Morris Trust, your favorite company can sell off a division and not pay taxes. How you ask? Simple. First,...
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