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Simon Property Group Inc. Message Board

  • jc6326@sbcglobal.net jc6326 Jun 12, 2013 8:44 PM Flag

    SPG has broken it's long term, intermediate, and short term 200 day mvgavgline'

    All systems say down for the next several years! A perfect short for many reasons.

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    • does it hint the interest rate to raise? or economy getting weaker due to less occupied office space? are these two messages conflicting with each other? can we get higher dividends?

    • The malls are illiquid, and the tenants are weakening. The $50+ BILLION market capitalization was an outrage. As interest rates rise, it will become more and more apparent that these 'malls' will never have bids, and the rents will rollover into lower and lower values.

      • 1 Reply to boiler_room_bermuda
      • Malls are assuredly not illiquid - there have been numerous annoucements of malls and mall portfolios trading at premium prices over the past few months. The Wall St. Journal had an article this week about the increasing numbers of $1B+ office buildiing sales. Sure - higher interest rates will have an impact, but today's market action suggests investors have not entirely lost their appetite for SPG and real estate stocks. And while higher interest rates will put downward pressure on the stock, the firming economy will be a counter balance - retail sales will continue to pick up and the share price will follow along. If you shorted SPG yesterday, the stock has confounded you once again.

        Sentiment: Hold

 
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