Author Topic: HHC - Howard Hughes Corp  (Read 87211 times)

BG2008

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Re: HHC - Howard Hughes Corp
« Reply #240 on: June 05, 2020, 04:08:01 PM »
Sometimes, I feel like my sleuthing borders on stalking.  But if the New York Post has an article on you, that's totally public information. 


Foreign Tuffett

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Re: HHC - Howard Hughes Corp
« Reply #241 on: September 21, 2020, 01:28:47 PM »
CEO Paul Layne just "retired" at 62/63, effective four days ago. CFO is now interim CEO. Anyone have a clue what is going on here? Layne has only been CEO since last October.


https://investor.howardhughes.com/news-events/press-releases/news-details/2020/The-Howard-Hughes-Corporation-Appoints-David-OReilly-Interim-CEO/default.aspx
Former Teldar Paper Vice President

BG2008

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Re: HHC - Howard Hughes Corp
« Reply #242 on: September 21, 2020, 01:51:58 PM »
Paul Layne, the former CEO, probably pushed to make the acquisition of that Occidental Tower in The Woodlands.  He was in charged of the Woodlands.  Markets seized up this and HHC did that equity offering.  Paul Layne was not as charismatic as the former CEO.  I always felt like David O'Reilly will be the CEO.  He knows his stuff or he's just really good at talking to investors.   

BG2008

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Re: HHC - Howard Hughes Corp
« Reply #243 on: September 21, 2020, 01:58:56 PM »
Also, Bill Ackman is not up 100% on this investment this year.  So heads will roll.

Saluki

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Re: HHC - Howard Hughes Corp
« Reply #244 on: September 21, 2020, 02:35:07 PM »
Ackman thought it was undervalued at ~$130 and did a big equity raise at $50 when the markets tanked.  I bought a little there with what little money I had that wasn't deployed but wished I had bought more at that time.  The market is puking up everything today so you may get another bite at that apple. 
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable