In line with the commercial RE thesis...
Updated
Amazon will continue to create headwinds for mall operators. Many large chain bankrupt stores and lower, much lower rent rates.
Trade active
The store closing REIT nightmare continues to get worse...modbee.com/news/business/article226993284.html
This news is especially BAD for this company, even worse is that SPG is holding lots and loTS and LOTS of DEBT!... You remember the leveraged debt debacle? you'ld think they would have learned right?... wrong!
This companies level of debt is 578% compared to its net worth, and that's UP from 323.4% over the past 5 years. Talk about piling on the debt, SPG is giving it a new meaning.
Lower revenues + high short term (1 year) DEBT commitments + not enough operating cash flow to cover (less than 20% of debt) = Shareholder pain.
Trade active
google.com/amp/s/www.barrons.com/amp/articles/tesla-may-stiff-termination-fees-from-malls-and-other-landlords-51551720839Tesla stores..... puff!!!
This is the trend, online shopping is the NOW norm for millennials. These analyst can cry “penalty” all they want, but it doesn’t change the facts, revenue will suffer as rent rates decline. This is a natural force that cannot be stopped. If companies continue to this natural force they will end up like all the rest... google.com/amp/s/www.cnbc.com/amp/2019/03/01/gap-victorias-secret-tesla-store-closures-hit-malls-in-the-middle.html
Trade active
My Puts will be $80 ITM, when the this sh!t hits the fan!Trade active
The selling continuesTrade active
Heading straight for the neckline...Note
Neckline of this massive head and shoulders had been breached. Head and shoulders bearish confirmation.Trade active
It’s no longer a question of “if”..... bloomberg.com/news/articles/2019-08-06/barneys-files-for-bankruptcy-felled-by-rivals-and-rising-rentTrade active
Up 83% on my Jan 21 175 put position. I expect them to continue net growth.
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