This news is especially BAD for this company, even worse is that SPG is holding lots and loTS and LOTS of DEBT!... You remember the leveraged debt debacle? you'ld think they would have learned right?... wrong!
This companies level of debt is 578% compared to its net worth, and that's UP from 323.4% over the past 5 years. Talk about piling on the debt, SPG is giving it a new meaning.
Lower revenues + high short term (1 year) DEBT commitments + not enough operating cash flow to cover (less than 20% of debt) = Shareholder pain.
Tesla stores..... puff!!! This is the trend, online shopping is the NOW norm for millennials. These analyst can cry “penalty” all they want, but it doesn’t change the facts, revenue will suffer as rent rates decline. This is a natural force that cannot be stopped. If companies continue to this natural force they will end up like all the rest... google.com/amp/s/www.cnbc.com/amp/2019/03/01/gap-victorias-secret-tesla-store-closures-hit-malls-in-the-middle.html
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My Puts will be $80 ITM, when the this sh!t hits the fan!
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The selling continues
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Heading straight for the neckline...
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Neckline of this massive head and shoulders had been breached. Head and shoulders bearish confirmation.