Tuesday, June 14, 2011

Which song best describes the future of Grubb and Ellis?

We've all been reading recently that Grubb & Ellis has (again) put itself up for sale.  And the sharks apparently see blood in the water, as shares closed at $0.40 today.  I think the company has to be looking to raise cash and pay debt, as evidenced by deals such as sales of its pieces.  But then to top things off today, I read that Shawn Mobley, the former president of brokerage services, is hitting the road and that a number of other senior brokers are jumping to Cushman, which has been on a expansion tear.

So, that brings me to my question: which song best describes G & E's future?  This one?



Or this song?


Honestly, I could see it going either way, or perhaps a buyout of the name only.  I try not to predict anymore because the opposite of what I think happens usually does.

 
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