Author Topic: HHC - Howard Hughes Corp  (Read 41658 times)

Saluki

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Re: HHC - Howard Hughes Corp
« Reply #80 on: October 10, 2018, 12:04:42 PM »
Is anyone looking at this here? It strikes me as notable that the stock is trading at ~ the same price it was at 5 years ago.

It's trading at the same price, but the story has gotten better.  South Street Seaport should start making money this year, the Hawaii project sold out phase I of the condos and they are now building phase II and III. North Wacker was taken offline, but once the property is rehabbed, it should be a big money maker and Houston and Las Vegas are plugging along nicely too (No major damage to Houston properties in last year's hurricane). I like it longterm but I don't want to sell anything to add to it.   
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable


BG2008

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Re: HHC - Howard Hughes Corp
« Reply #81 on: October 11, 2018, 02:30:34 PM »
Shhh, I'm rooting for the shares to fall more.  Please $85 a share....I'll take $90

ander

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Re: HHC - Howard Hughes Corp
« Reply #82 on: November 15, 2018, 09:47:13 AM »
Pershing Square cut its stake by 40%+ in HHC according to 13F. Smallest holding now.

BG2008

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Re: HHC - Howard Hughes Corp
« Reply #83 on: November 15, 2018, 10:16:11 AM »
CEO buys $5.5 million https://www.sec.gov/Archives/edgar/data/1498828/000117911018012786/xslF345X03/edgar.xml
President buys $0.5 million https://www.sec.gov/Archives/edgar/data/1498828/000117911018012788/xslF345X03/edgar.xml

It's interesting that Ackman held onto the shares for the past 5-6 years when shares traded as high as $160 a share in 2014 and 2015.  But now is a bad time to own it at $109. Hmm.  From a price movement perspective, there's probably a chance that HHC could trade lower if home building drops off. 

BG2008

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Re: HHC - Howard Hughes Corp
« Reply #84 on: November 15, 2018, 10:16:57 AM »
$85!! $85!!

Saluki

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Re: HHC - Howard Hughes Corp
« Reply #85 on: November 15, 2018, 10:32:51 AM »
CEO buys $5.5 million https://www.sec.gov/Archives/edgar/data/1498828/000117911018012786/xslF345X03/edgar.xml
President buys $0.5 million https://www.sec.gov/Archives/edgar/data/1498828/000117911018012788/xslF345X03/edgar.xml

It's interesting that Ackman held onto the shares for the past 5-6 years when shares traded as high as $160 a share in 2014 and 2015.  But now is a bad time to own it at $109. Hmm.  From a price movement perspective, there's probably a chance that HHC could trade lower if home building drops off.

I think he mentioned a couple of quarters back that he sold shares and replaced them with derivatives which gave him the same exposure but freed up cash for other investments.  Some of the the projects in the pipeline, like redeveloping Landmark mall into a mixed use community will take years to play out, so i'd be surprised he thought it was a hold at $160 and a sell at $109.   
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

NBL0303

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Re: HHC - Howard Hughes Corp
« Reply #86 on: November 17, 2018, 09:58:20 AM »
$85!! $85!!

Did it actually trade close to $85?