Commercial Real Estate tic.............tic,,, Message Board

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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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To: Smiling Bob who wrote (38)	11/3/2008 12:28:45 AM
From: jmiller099	Read Replies (1) of 442

WRI already recently beaten has suffered a couple new blows that were expected, but came to fruition this weekend (and one tomorrow). WRI last quarter said they have 800k annually in leasing exposure to Shoe Pavilion (Pinksheets: SHOEQ), who is now liquidating all remaining stores [64 were left]. They also said they have 8 stores at 4 million annually with Circuit City. Circuit City is looking to close 150 stores based on the net rumors. Could they have some overlap with WRI holdings? I haven't done DD with WRI, but I added to my list to see how their cash flows and what their balance sheet looks like. May be a nice item to add to my negative portfolio.

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