General Growth Properties seems to be offering significant value in its common equity securities. A rival buyer recently offered to purchase the company for $20 a share. The company currently is valued at around $14 a share. Shareholder activist Bill Ackman holds a significant equity position in the company. After General Growth Properties emerges from bankruptcy, the company will be divided into two different companies. One will be the companies malls that produce cash flow, the other company will be real estate projects that malls will be built on. At the first company being valued at $10 a share and the other at $5 a share, we see significant value in the common equity securities. This position requires heavy due diligence and I suggest my readers to further look into this opportunity.

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