The Tanger Time Machine

Tanger is not a traditional Mall REIT; instead, the North Carolina-based company owns 44 outlet centers in the U.S. (22 states) and Canada. The company commenced operations over 34 years ago in Burlington, North Carolina, when the outlet industry was unknown.

Summary

  • 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.
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