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Simon Property Group Inc. Message Board

bullishstkpkr 12 posts  |  Last Activity: Apr 14, 2014 10:03 PM Member since: May 7, 2003
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  • bullishstkpkr bullishstkpkr Apr 14, 2014 10:03 PM Flag

    Read Michael Lewis' Flash Boys - the 100 share lots are high frequency traders testing market prices. When a large order shows up, they are able to front run and squeeze the buyer or seller out of a few cents. They don't need huge volume to make this work - ONC's volatility seems to serve the purpose fine.

  • Reply to

    Interest rates sure are spiking, eh boiler_boi?

    by johnkur8 Apr 7, 2014 12:13 PM
    bullishstkpkr bullishstkpkr Apr 9, 2014 11:38 AM Flag

    Don't get too far out over your skis my friend. As I am sure you have seen, I am a long-term holder of SPG and have no inclination of selling now. But, while I have confidence in SPG, I am equally confident that interest rates cannot remain at the current levels forever. One of these days rates will rise and, even with all of the things SPG mgmt has done in anticipation of this (refinancing and extending debt, spinning off the strip centers and B-malls, buying up partnership interests, etc, etc) the stock is going to take a hit. Boiler suggests that this will be the beginning of the end as the internet overtakes brick-and-mortar stores. I think this is fundamentally wrong because people seek entertainment and positive experiences when they shop which they cannot find sitting in front of a computer screen. In the long run, top malls in quality markets will continue to prosper. Simon is busy molding the company into a portfolio of top malls in quality markets.

  • Reply to

    Simon paddles Janet Yellen's tushy!

    by johnkur8 Mar 28, 2014 1:12 PM
    bullishstkpkr bullishstkpkr Mar 28, 2014 4:54 PM Flag

    Agreed - kind of like (smirking) over a retailer reporting one bad quarter.

  • Reply to

    sold 90%

    by superpsiboy Mar 20, 2014 9:40 AM
    bullishstkpkr bullishstkpkr Mar 20, 2014 9:58 AM Flag

    Capitulation - bullish sign!

  • Reply to

    Aeropostale, Inc

    by boiler_room_bermuda Mar 14, 2014 4:31 PM
    bullishstkpkr bullishstkpkr Mar 17, 2014 2:40 PM Flag

    Here's a news flash for you - tenants don't get to pay less rent if they have a bad quarter. SImon will collect the same rent from Aeropostale last quarter, this quarter and next quarter unless the lease calls for a rent increase along the way, in which case Simon collects more. So, unless things are so bad a tenant is headed into bankruptcy (not the case with ARO) the quarter to quarter ups and down really aren't meaningful.

  • Reply to

    Best Buy-Sears-JCP

    by bullishstkpkr Feb 27, 2014 1:06 PM
    bullishstkpkr bullishstkpkr Mar 7, 2014 10:39 AM Flag

    Yep - can't argue with that. Good news is bad news for those seeking yield and the better than expected jobs report gave interest rates a bit of an adrenalin jolt. That's the short-term trading mentality. Long term SPG continues to build a world-class portfolio with great assets that are increasing in value. At some point, good news will be good news for Simon too - the improving economy will drive increasing sales which in turn pushes rents higher. All those vacant Staples and Radio Shack spaces (does Simon have any Staples or Radio Shacks anywhere in the portfolio?) will be re-leased at a multiple of the old tenant's rent. Meanwhile, those smart enough to continue holding the stock enjoy an increasing dividend.

    Sentiment: Hold

  • Reply to

    Best Buy-Sears-JCP

    by bullishstkpkr Feb 27, 2014 1:06 PM
    bullishstkpkr bullishstkpkr Mar 6, 2014 10:54 AM Flag

    Over the last 50 years 1,000's of stores have opened and closed - retail is a dynamic business. Staples, for one, didn't even exist 30 years ago- how did the world survive without it? Apple, which is now almost always the highest grossing retail store in the any project where it is located is a relative newcomer to malls and it is definitely a keeper. Internet shopping is just one more change for this industry to absorb. What is interesting is that retailers are not fighting the internet, they are embracing it as another way to reach customers.

    Meanwhile - with one more push SPG is at $165 - market seems to read things somewhat differently than you.

  • Reply to

    Best Buy-Sears-JCP

    by bullishstkpkr Feb 27, 2014 1:06 PM
    bullishstkpkr bullishstkpkr Mar 5, 2014 4:03 PM Flag

    Creative destruction - something new and exciting will take the space, pay more rent and add vibrancy to the 1,100 developments now occupied by RS. I think you will find that most of these locations are strip centers, not Simon malls. Simon got rid of this lack luster tenant long ago.

  • bullishstkpkr by bullishstkpkr Feb 27, 2014 1:06 PM Flag

    Boiler's poster-children for all that's wrong with the retail world all (Best Buy, Sears and JCP) all up on good news today. Come on Boiler - how about some balanced reporting.

  • Reply to

    Lincoln Park is a new form of PIPE

    by evilwallstreet Feb 27, 2014 12:25 PM
    bullishstkpkr bullishstkpkr Feb 27, 2014 1:00 PM Flag

    Yes there is a risk of dilution - but that would have happened under almost any financing method. At the end of the day shareholder interests are aligned - everyone benefits from a higher share price.

    Lincoln has potentially committed a significant sum. Several of their senior mgmt team have what looks like better than average expertise in biotech area so one can assume
    that they have studied ONC and feel that its science is credible (they could have said no and joined the crowd of shorts). Positive in that a sophisticated investor stepped up; disappointing in that ONC mgmt is positioning for continued wait for news. If something good were about to happen they would have waited and sold more shares at $6.00 ($10.00!).

    Sentiment: Hold

  • bullishstkpkr bullishstkpkr Feb 14, 2014 4:57 PM Flag

    Careful Johnny don't want to get to far out over your skis. I'm a confirmed bull on Simon and feel the mall business long term is strong for the best in breed - and SPG leads this pack. I am very happy to see the share price lift back over $160 and look forward to the 1st qtr dividend at the end of the month. That said, there is no doubt that Simon will react to interest rate increases. Management has done a nice job restructuring the company capital stack to benefit from low rates and protect against interest rate increases, but once rates start to march higher it will affect share price. Hopefully, it's a blip as the strengthening economy drives sales and rents which over time will propel the share price higher again.

  • Reply to

    Yeah, the malls are dead. Amazon rules.

    by johnkur8 Jan 31, 2014 8:56 AM
    bullishstkpkr bullishstkpkr Jan 31, 2014 9:37 AM Flag

    Boiler's not worried - Amazon missed top and bottom line estimates and couldn't deliver holiday purchases on time - but it's going to make it up on volume!

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