Ed Cone responds to my earlier post about Merchandise Mart Properties’ debt problems with its High Point properties, in the process prompting a thread about commenting problems here.
JLF president John Hood copied me on his exchange with Ed, saying that while “all our blogs use the same system, commentators don’t seem to be having the same problem elsewhere,” adding “we’ve been focusing mostly on our CarolinaJournal.com brand in the past year — and it will include some changes, including a better listing of contact info.”
I certainly welcome commenters, as I readily acknowledge that many, if not most, of you out there in the blogosphere are smarter than I am. As for my original post, I concede that MMP’s High Point debt problems don’t mean the company’s going under, but it still doesn’t look good and, as we’ve learned over the last two years, anything can happen —and quickly. The looming High Point “debt implosion” can certainly be viewed as symptomatic of larger problems, considering the “staggering amount of maturing debt on the horizon over the next few years.”
As for the sourcing, Ed thanks his “special bond market correspondent” for the tip. That said, a little context on what exactly this means for High Point would have helped. And the mainstream media aren’t exactly filling in the holes.
Update: In absolute plain language: Ed Cone read and quoted Vornado’s most recent 8K, which was the source of information for his post on MMP.
