This Company Got Hit With a Perfect Storm When the Pandemic Started -- How Are Things Going Now?
Howard Hughes Corporation (NYSE: HHC) is a developer of master-planned communities, and it couldn't have had a worse combination of geographical concentrations when the COVID-19 pandemic hit. The company's flagship community is in the Houston area and is very dependent on the oil industry (remember when oil prices went negative in early 2020?), the New York Seaport was closed for an extended period, and no U.S. economy was hit worse than Las Vegas, where Howard Hughes' Summerlin community is located.
Fortunately, the business has rebounded nicely. In this Fool Live video clip, recorded on Sept. 29, Fool.com contributor Matt Frankel asks CEO David O'Reilly about the impact of the pandemic on the company and how the business is doing now.
Source Fool.com
