Macerich Company (MAC)

[winston]

WHAT A SHOPPING DISASTER LOOKS LIKE by Brian Hunt

Our chart of the week is the market saying, "Shopping malls are in big trouble right now."

It's the past year's trading in Macerich, one of America's largest mall operators. Like a lot of real estate players, Macerich has a ton of debt... its cash flow is drying up... and creditors are knocking on the door. Back in December, our colleague Porter Stansberry told his Put Strategy Report readers:

"Like residential condo flippers, many of the bigger players in the commercial property market went crazy in 2005-2007. These companies – firms like General Growth, Macerich, and SL Green – were built to fail. They cobbled together assets and took on so much debt that any decrease in property values would be fatal. And now, commercial property is looking at the largest declines in asset prices since the Great Depression. It's a complete disaster in the making"

Macerich hit a new low yesterday... and the predicted disaster is in play.

– Brian Hunt

[winston]

not vested

The Macerich Company is an independent real estate investment trust.

The firm invests in the real estate markets of the United States.

It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.

The Macerich Company was founded in 1964 and is headquartered in Santa Monica, California.

http://todaysbigstock.com/2013/12/09/ma ... -nyse-mac/

[investar]

Jumped in here!

Heavily Shorted Stock, turns up on many lists 'could be the next squeeze candidate'

Not even expensive, here at 20$

[investar]

https://seekingalpha.com/article/440124 ... king_alpha

So MAC is now framed as GME's landlord




But MAC could go to 50 soon

[investar]

Even Morningstar writes about MAC now

https://www.morningstar.com/articles/10 ... rt-squeeze


Among stocks that have large short interest positions, there are a number that we rate from a fundamental perspective. The only stock with a high short-interest that we currently view as undervalued is Macerich (MAC). Over the past few years, Macerich has successfully become an owner and operator of Class A regional malls. While malls may need to reposition themselves following the pandemic and become more experimental, we think the market is undervaluing the firm’s long-term prospects.


Not yet too late to jump aboard this one.