The company is a real estate company that owns, manages, leases, acquires and develops real estate located in: the greater Los Angeles area of California; Orange County, California; San Diego, California; and Denver, Colorado.
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Maguire Properties, Inc. (MPG)
The company is a real estate company that owns, manages, leases, acquires and develops real estate located in: the greater Los Angeles area of California; Orange County, California; San Diego, California; and Denver, Colorado.
MPG is down "only" 36% from its 52W high. I say "only" because MPG is considered one of the "crapiest" stocks here on CAPS.
If that were the case, why is then MPG down only 36% after we just had the most severe correction since March 2009?
Btw., MPG is still approx. 300% up from its March 2009 low.
Definitely, my kind of value play.
Sometimes Crap floats for awhile. It depends on the mixture of the liquid it's floating in......i.e. large blocks owned by institutional investors who don't mind wasting their investors money. :)
You call this crappy when a stock goes from $2 to $4.10 between Dec 2010 and Feb. 2011 and and back to $2.50?
Not in my book!