Is there a bull case for this stock? With their major tenant Borders trading at 93 cents and cutting off payments to their book publishers, can payments to their landlord (ADC) be far behind? With tons of retail space empty who will replace them? With Amazon, kindle, and ipad taking what business remains from traditional bookstores, where is the cash flow to pay rent to Agree?
Again I ask, what is the bull case? Today I sold my long position and went short.