Examples of post-crisis value stocks

[yawnyawn]

Hey everyone!

Could someone please throw a couple of tickers at me with great value stocks you bought post-crisis that have realised by now?

I am learning value investing and wanted to look at a more recent example (post-crisis) of a value stock and how it progressed.

Ideally something from 2010+, US or EU

Thanks!

You could look at GGP listed in the US. It is more of a turnaround play(as coined by Peter Lynch) if you want to be more specific.

General Growth Properties is a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing, and redeveloping high-quality regional malls throughout the United States. GGP’s portfolio is comprised of 120 regional malls in the United States totaling approximately 125 million square feet. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP. General Growth is the second largest retail property REIT in the U.S.

From Wikipedia, GGP reported in excess of $25 billion in debt (mostly mortgages) as of September 30, 2008. In late November 2008, GGP missed a deadline to repay $900 million in loans backed by two Las Vegas retail properties. This meant that GGP lenders could issue a notice of default, which would make GGP seek protection from its creditors under Chapter 11 bankruptcy. In December 2008 the Wall Street Journal reported that GGP would seek bankruptcy protection if it could not renegotiate its loans. Its share price had fallen by 97% over the previous six months.

In 2009, company filed for Chapter 11 and i remember that Bill Ackman of Pershing Capital bought in big and became one of its biggest shareholder, both equity and debt.

I got in before they went into Chap 11 and the company managed to refinance its loans through Ackman's help and came out from Chapter 11 without wiping out existing GGP shareholders. It was a 4 bagger for me if i remember correctly.

The company also spun off Howard Hughes Corp at around 38USD/share. I sold it off immediately because i did understand what HHC was doing at that time and it was a mistake because the stock price is now at 140USD. A 270% increase!