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Simon Property Group Inc. Message Board

  • boiler_room_bermuda boiler_room_bermuda May 23, 2014 11:22 AM Flag

    ARO plunges 22%

    Everything is just fine and dandy in the retail space.
    Saturation ? No prob
    Excessive square footage - no prob prob.

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    • Thanks for the update. Are you aware SPG closed up $1.24 today ($175, just a few bucks off the 52-week high) and shareholders received a $10/share distribution - tax-free spin off of Washington Prime Group. Oh - and the quarterly div is paid next week. The retail world isn't falling apart, eventually Amazon will actually need to make money rather than give everything away, on-line retailer have to pay sales tax, leveling the playing field and mall tenants are adapting to the new world with strong on-line presentations of their own. If you bought SPG a few years ago and held until today you tripled your investment. On the other hand, if you played the don't pass line you got squashed. Keep smirking - but you missed a nice 3-bagger.

207.62+2.66(+1.30%)May 4 4:02 PMEDT