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.
