SharonW

Seven Key Points From Simon Property Group's Q408 Conference Call

LOL - Small retailers need the big boxers more than they need SPG. Those big anchor tenants that Simon Properties seem so unconcerned about are what drives traffic to the malls. In many cases, a small tenant's lease may have a clause relative to the loss of a big anchor tenant.

Case in point, Macy's. Holey Moley what a disaster. That company actually borrowed money during the good times to buy back its own stock and now has a debt-to-equity ratio of 101.5%. I'd find it hard to believe that their recently announced layoff of 7,000 won't include store closings.

One quick search on Google News of "announced store closings" might provide Simon investors with the eye opening they need. They surely aren't getting the truth from the company.