re: 100 m class action expecting Bye bye GPT's share price! Just when things were looking good this news comes out. GPT really can't afford any more money being taken from it's balance sheet.
*Besen family retail dynasty more than $200 million under a 2006 put option
*$100 million class action
*Recession conditions in most OECD countries
*Babcock and brown US investments joint venture
*Still no CEO!!!
GPT share price is set to fall tomorrow, regardless of what the Dow Jones does today. The biggest issue is that the class action has some substance to it! Luckily I have already sold my GPT shares already!
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