Sam Zell On Credit Crisis: "It's Not That Bad"

[vectors101]

Zell is a market mover

when he dumps, the market sell offs

when he buys the market goes up.

market mover man.

Quote from trefoil:

That was my best trade ever.
Picked up EOP in the mid 20's when they were borrowing money to pay the dividend.
Sold the day before the deal closed, once I read a wise little article in the FT's Lex column that no one else was going to pay anything higher than what Blackstone had agreed to. Got a price that was actually a bit higher than the deal price.
That was a double and then a little, with dividends thrown in to boot.

 

[maxpi]

Quote from runningman:

Note: Sam Zell sold out of his real estate company at the very peak. This guy knows his stuff.

Yesss... I noted exactly the same thing. His speech is "after sale care", that is where the sales guy reassures the buyer that the deal was not that bad...

 

[trefoil]

Quote from maxpi:

Yesss... I noted exactly the same thing. His speech is "after sale care", that is where the sales guy reassures the buyer that the deal was not that bad...

Heh. Interesting.

 

[drobin]

Sam Zell trumps Trump in my book.

The man is a great RE Strategist. He certainly inspires me when I'm doing RE deals.