want to get rich by shorting a company who literally makes ends meet by renting space in malls? i give you... SPG.
these guys are going to be the first of many dominos in the retail real estate market to tip over.
4 days ago they sued Gap over missed rent payments. $66 million in missed rent payments, btw.
so either 18% of americans go back to work within the next 2 months and spend every paycheck they get on mom-jeans or SPG files chapter 11. there really isnt much of a middleground.
these guys are going to be the first of many dominos in the retail real estate market to tip over.
4 days ago they sued Gap over missed rent payments. $66 million in missed rent payments, btw.
so either 18% of americans go back to work within the next 2 months and spend every paycheck they get on mom-jeans or SPG files chapter 11. there really isnt much of a middleground.
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