Thursday, November 20, 2008

Mall Mauled

General Growth Properties, owner of 16 Florida shopping malls (along with dozens of others around the nation) was for decades considered the apotheosis of a conservative, steadily- growing, safe investment. Today, it's reported they have hired a bankruptcy lawyer. Take a look at the five-year stock price chart. No surprise, really. Looks a lot like they fell off the same cliff as retail sales.

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