2houndz

Watching the Malls: As Goes Retail, So Go Communities Across America

Hick -
I like that name - you from Alabama too??

I'm not a fan of the leadership at GGP. I tried to short it awhile back, but it was on the no-short list. I wouldn't short any of these today and I wouldn't buy them long either.

I think that CLP is extremely weak. When Tom Lowder picked his succesor he would have done just as well to throw a deck of cards out the window of his Mercedes and hire the guy who brought him the four of spades.

Clearly CENTRO is in a world of hurt due to their expansion stupidity. KITE and CEDAR seem weak, altho I know some folks at Kite who seem to know the score.

I think KIMCO is overall a good company, but maybe not as good as a few years ago. Good management or not, they have an aging portfolio that is slipping in ocupancy. Unless Central and South American activity pulls them along, I don't see much positive there.

My favorite REIT is PUBLIC STORAGE, but the product is not very sexy.

Please note that this is not a buy or sell recommendation. Stocks are not companies sometimes and REIT stocks have not reflected the performance of the underlying for years. I have made some money in REITS but got out in 2006 because I no longer understood it.