- The Time Traveler tests his device with a journey and the machine uses various levers.
- CBL “cut the cheese” and GGP is feeling “the tease".
- “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” - Ben Graham.
- I am maintaining a STRONG BUY on Tanger shares.
As a kid I always admired reading H.G. Wells and I was especially fond of ‘The Time Machine’.
As you may recall, ‘The Time Machine’ was popularized by the concept of time travel by using a vehicle that allows an operator to travel purposely and selectively forwards or backwards in time. The term “time machine”, coined by Wells, is almost universally used to refer to such a vehicle.
The Time Traveler tests his device with a journey and the machine uses various levers and similar to the character in Wells’ novel, the Time Traveler theorizes that intelligence is the result of and response to danger.
Today, I am going to become the so-called ‘Time Traveler’ in hopes of conquering Mr. Market’s fears of Tanger Factory Outlets (SKT). It should be no one’s surprise that this well-known Outlet Center REIT has seen shares slide by some -35% YTD.
Many REIT investors have become disenchanted with Tanger fearing that the retail apocalypse is unfolding before their eyes. Daily headlines appear on most all investment websites suggesting “Malls are Dead”, “Amazon Rules the World”, or “Brick and Mortar is Dead”.
To conquer the hysteria, I decided that I would take a seat in the Tanger Time Machine to travel to places imaginable by many. By doing so, I feel confident that I will have a competitive advantage that will allow me to defeat Mr. Market and put an end to the skepticism that seems to exist within the Mall REIT sector.
So buckle up and get ready for this amazing journey inside the Tanger Time Machine…