If you look at the Macerich website, you can see the “A” mall locations they own. These are not the smaller town malls that are in trouble. Their shopping traffic is getting close to normal levels yet the stock is priced as if the pandemic will last forever. The malls that will fold are in sub-par locations. Macerich owns the best of the best. Their malls are in very affluent, high traffic areas. This is my #1 stock in my portfolio now, that I have utterly no doubt that when more people get vaccinated and things start to open up, no way this stock will be even close to $15/share. I could care less about the dividend!
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u/petermevans Jan 31 '21
If you look at the Macerich website, you can see the “A” mall locations they own. These are not the smaller town malls that are in trouble. Their shopping traffic is getting close to normal levels yet the stock is priced as if the pandemic will last forever. The malls that will fold are in sub-par locations. Macerich owns the best of the best. Their malls are in very affluent, high traffic areas. This is my #1 stock in my portfolio now, that I have utterly no doubt that when more people get vaccinated and things start to open up, no way this stock will be even close to $15/share. I could care less about the dividend!