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.
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Look at fundamentals - enough said ;) This company will be trading at pennies in no time :)
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http://biz.yahoo.com/tm/070208/15442.html?.v=1
Testing this idea
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Optimistic price rise of a property company where the shaky ground is not limited to just earth quakes. The economies in those areas are not likely to recover quickly, which begs the question, why would property prices or rental income rise in these areas?
This is just a replay of my previous bet.
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This is just plain ugly. It's too bad, the company's run by some pretty good guys.
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The real estate market was hit in a big way in California and other states in the nearby area. For this reason, you can expect a decline in value for the stocks of this company.
Expectations are low...not a good investment now.
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Five BILLION in debt with only 90 million in cash, and it's losing money. Just ended its dividend, and the CEO just bailed out.
The only upside is that 30% of its shares are already short, which represents a lot of latent buying power, since those shares will need to be covered eventually. May be risky to put real money into it for that reason. However, in the long term, I can't see this company surviving.
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Real estate will continue to decline for another year.
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MPG has been able to shed some of their troublesome properties by giving back the properties to the banks under the terms of their non-recourse loans. Now, with a portfolio of properties acquired before the real estate run-up, their prospects look better.
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indebted REITS screen

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