OT- Tanger Factory Outlets (SKT) -OT | CLNY Message Board Posts

Colony Capital, Inc.

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Msg  8138 of 9288  at  6/10/2019 1:01:01 PM  by


 In response to msg 8136 by  pereirae
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Re: OT- Tanger Factory Outlets (SKT) -OT

I was buying in the low 30s to high 30s.

It's a great little firm, with highly ethical management.

Unfortunately they are in an industry and with Assets that I don't think are well suited to the new environment. I wouldn't be surprised to see SKT hit $11 or less in the next recession.

Think of it as Cigar Butt Investing, figure out a price which would allow you to make money while the firm itself goes to $0.

Their only option would be to diversify into other areas like Housing, Offices, Industrial. IMO - As retail they don't have a very long term future. The properties might be suited to Industrial (near major highways, large plot sizes, new builds can have high ceilings).

I sold out completely around $24 (once I read a little bit more and thought about the business)

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Msg # Subject Author Recs Date Posted
8139 Re: OT- Tanger Factory Outlets (SKT) -OT pereirae 0 6/10/2019 4:01:43 PM

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