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Stock impact report

Why I Trimmed My Position In Tanger [Seeking Alpha]

Macerich Company (The) (MAC) 
Last macerich company (the) earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: macerich.com/investors
Company Research Source: Seeking Alpha
Summary Simply put, Tanger provided awful 2020 guidance. A-mall like Macerich and Taubman have plummeted YTD while Tanger is actually up quite a bit. What's more, I am not the biggest fan of the outlet model, as outlined in my previous articles. I trimmed a bit more than 3/4 of my position in Tanger (booking a small gain) and redeployed the proceeds in Macerich and Taubman. Going forward, I believe that Tanger might face a credit downgrade. That said, the dividend will most likely remain in tact. My switch largely has to do with relative valuations with respect to A-mall names. This is my fourth article on Tanger ( SKT awful 2020 guidance MAC TCO Since my Key reasons for my bullish stance at the time included: That said, I have been quite skeptical on the outlet model However, I have some concerns about the outlet model going forward, especially outlet centers in well out-of-town locations with limited alternative use potential. Regarding SKT in particular, I believe the positi Show less Read more
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