CBL's Dividend Suspension Confirms That Washington Prime Is A Strong Sell [Seeking Alpha]
CBL & Associates Properties, Inc. (CBL)
Last cbl & associates properties, inc. earnings: 2/6 04:15 pm
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Source: Seeking Alpha
CBL's Dividend Suspension Confirms That Washington Prime Is A Strong Sell Summary Troubled B-tier mall operator CBL & Associates unexpectedly announced Monday that it won't pay its preferred stock dividends in 2020. CBL's common and preferred stocks plummeted on the news. This puts the focus on peer Washington Prime, which has shown similarly poor operating results in recent years. Catalysts are coming that could push Washington Prime to cut its dividend in 2020. People that own Washington Prime's preferred stock should be particularly careful; the value of these could plummet in coming quarters. This past spring, I demonstrated WPG Despite ongoing That's because peer This caught the market by huge surprise. CBL's preferred shares had traded up Source Yet, there was no fundamental reason for this rally. CBL's operating results weren't getting any better. In fact, they've continued to be dire Unfortunately, CBL's dividend news cut the party short; CBL stock dropped 26% Tuesday, while t
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News
- CBL Properties and MINISO Partner to Expand Its U.S. Presence to Thirteen CBL MallsBusiness Wire
- CBL & Associates: An Attractive Buy Before Fed Rate Cuts [Seeking Alpha]Seeking Alpha
- CBL Properties Partners With Adeptmind to Launch “Inventory Insider”Business Wire
- CBL Properties Reports Results for Fourth Quarter and Full-Year 2023Business Wire
- CBL Properties Announced 6.7% Increase in Quarterly DividendBusiness Wire
CBL
Sec Filings
- 4/22/24 - Form DEF
- 3/25/24 - Form 4
- 3/15/24 - Form 4
- CBL's page on the SEC website