todd sullivanTodd Sullivan submits:

There is another post out Friday morning that pegs the value of General Growth (GGWPQ.PK) equity in the range. Let’s look at it and talk about what I see as its errors.

The spreadsheet can be found here at Distressed Debt investing. Unlike the Hovde “research” Hunter gives us a range of variables in the spreadsheet and avoids many of the glaring unconscionable errors Hovde made.

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