More pain to come....
Updated
Can mall operators withstand the current headwinds?.... not with rising interest rates. That's the nail in the coffin!
Retail Bankruptcies
Negative sales environment
Store closings
Rising interest rates
Shareholders got completely hosed when management rejected SPG's 95.50 per share takeover back in 2015.
Talk about shoulda, coulda, woulda, I doubt this company will ever see 95.50 per share, ever again.
There's a total paradigm shift with the way people shop, horizontal flagship stores are seeing significant pressure from e-commerce. Sears, gone. Toy's R US, gone. RadioShack, gone. Payless, gone, and many more reducing their store footprint. The list goes on... Rue21, The Limited, Game Stop, Ascena Retail (Lane Bryant, Ann Taylor, etc) ... and on and on and on!
Mall operators are F%#ED!!!
Retail Bankruptcies
Negative sales environment
Store closings
Rising interest rates
Shareholders got completely hosed when management rejected SPG's 95.50 per share takeover back in 2015.
Talk about shoulda, coulda, woulda, I doubt this company will ever see 95.50 per share, ever again.
There's a total paradigm shift with the way people shop, horizontal flagship stores are seeing significant pressure from e-commerce. Sears, gone. Toy's R US, gone. RadioShack, gone. Payless, gone, and many more reducing their store footprint. The list goes on... Rue21, The Limited, Game Stop, Ascena Retail (Lane Bryant, Ann Taylor, etc) ... and on and on and on!
Mall operators are F%#ED!!!
Trade active
30+ points in the money on my Puts, from when I initialized this trade. Trade still active.Trade active
The store closing REIT nightmares continue to get worse... modbee.com/news/business/article226993284.htmlTrade active
Yearly low yesterday. More downside to come.Trade active
Just look at this mess... Blue line depicts next support level that will be breached.
Trade closed: target reached
Bankruptcy watch in progress
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