We can't highlight enough how much we've enjoyed the back and forth between various hedge funds as it pertains to the equity valuation of General Growth Properties (GGWPQ.PK). Tuesday, we posted hedge fund Hovde Capital's latest presentation on GGP. Today, we present you with follow-up thoughts from T2 Partners hedge fund manager Whitney Tilson. Here are his thoughts:

Hovde Capital released its response Tuesday to Pershing Square’s rebuttal (and, to a minor extent, and our rebuttal) of Hovde’s initial report on GGP.