Japanese Real Estate Fire Sale Announcement
By Conor | September 4, 2008
If you were a publicly listed real estate company in Japan, do you think the best strategy for supporting your share price is to post on your web site that you are “puking your inventories“?
SunCity (8910 JT Equity on Bloomberg), seems to not mind. The stock is now down 95% over the last year and I imagine will be bankrupt soon.
While the real estate market looks ugly here in the States, I think few Americans are aware of the problems this credit crisis has created for the rest of the world. It is not pretty folks…
*image source: Bloomberg.com, Suncity-web.co.jp
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Topics: Finance, Japan, Real Estate |
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September 4th, 2008 at 9:21 am
We are puking our inventories!
Call Now!
So whadduya think? Lost in translation?
“Lip my stockings.”
“You want me to…lip your stockings?”
“Lip, lip. Lip my stockings.”