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Simon Property Group Inc. Message Board

  • thrasherterry thrasherterry Feb 12, 2009 7:31 PM Flag

    tomorrow is going up up up

    the best of both worlds tomorrow. I trades srs and started my position in spg. bought in twice under 40 .
    switched to fas late afternoon and then the damn broke with the annmt from obama.
    the market turned on a dime. and headed north.
    spg will have a nice opening tomorrow. i will be taking some short term profits with spg .
    any time it goes to the 30's its like printing money. dont' believe these idiots who tell you its GGP. Even i can read the balance sheets .
    one stock is the yankees , the other is the senators.
    Thrash man

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    • re: spg below $40 is printing money: short term you may be right a few times.

      Longer term, say 2-4 weeks or more, it may take some magic to keep it above $40. stock dividend says it all.

      by the way the IRS procedure, allowing REITs to pay stock dividends to preserve REIT status has been established for 2008 and 2009 at this point. What are they going to do in 2010, if IRS doesn't renew procedure?

      return on assets at SPG has declined by more than 50% over the past 10 years.

      debt to market cap significantly reduces their financial flexiblity if economy continues to weaken.

      • 1 Reply to nli200808
      • well , i don't doubt what you say , but i'm not planing to marry the damn stock. I just like to get a few points and wait for the next go around.
        to me people get use to the econ . and eventually human nature returns . we are a consumer spending people.
        I always saved %10 of my paycheck starting with my first job. few if any of my friends do or did that.
        looking for a up trend early tomorrow.
        best of investing to you all
        Thrash man

    • You are right TM this is no GGP... but even the Yankees have a bad year.

      Remember, its not about the balance sheet, its about the fact that malls are of little use to a consumer that is broke.

      SPG will be lucky to be above $20 by 2010.

196.55-0.71(-0.36%)Oct 21 4:02 PMEDT