Amit Chokshi

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  • Simon Property Group: My Kind of Dividend Growth
    Even a 4-5 year horizon may not be good enough. If you took '98-'02 or so, SPG was not a good investment. You can probably find a lot of stocks that had phenomenal returns over the past 5 years considering if you bought in 2002 you were buying a lot of stocks at the bottom of the market shake out.

    You can find safer dividend plays in telecoms, tobacco, and big pharma. Also, I haven't look at SPG yet so I've missed the short angle for it but there could be much more to fall. The one area you might want to consider looking into is how their leases are structured.

    Are they flat rent with inflation kickers or do they get rent + a % of their tenant's sales over a certain level? If it's the latter, you need to factor in how some of the retailers who've struggled recently may impact SPG's earnings.

    SPG is down but could probably still be a good pure short or a good hedge against long retail positions.
    Dec 28 21:07 pm |Rating: 0 0 |Link to Comment |View article

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