This is a family owned business specialising in a relatively new kind of retail - outdoor discount outlets. With Corona virus threatening to close down all retail, I feel like outdoor malls will be the first to open and Tanger will be a beneficiary of it.
The stock is down 75% which is, of course, what sparked my interest. Tanger will not go out of business, the dividend will return, and I'll be holding this REIT with an amazing entry price.
No comments:
Post a Comment