Brookfield Office Properties Inc T.BPO.PR.A

Crazies Be Crazy, That's all it is I think.

[CrazyTrader]

BPY is massive. If Debt is non-recourse, there's not much reason for the company to default and even less for it to go bankrupt.    Surely there must enough profitable assets to pay the Prefers, even if BPY lets go half of their assets.  

If I was running the company, I might default on the Prefers for short period ONLY because I will continue to hold money losing assets until I can raise rents.   But if it's doesn't look like things will turn around, hand the keys back or sell to Daddy and give the finger to the banks, and take my business else where.


All just my opinion/view/thinking/guessing.

[DJ441c]

I sold out   15% higher  perhaps mistake    but more worried about ratings dwongrade of the prefs    There  must  be lots in nstitutional hands   that  may only hold  investment grade     if thats the case then   large number of securities come on the market at once   also  default for short