Smart Investors Will Do This With Their Simon Property Group Stock Today
There's really no way to put a positive spin on 2020 for Simon Property Group (NYSE: SPG) or its shareholders. But even a year filled with bad news can present an opportunity within your broader portfolio if you act before the end of the year.
Here's what smart investors are thinking about doing with their Simon Property Group stock today.
Before the global pandemic, real estate investment trust (REIT) Simon Property Group was dealing with the so-called "retail apocalypse." While the shift toward online shopping garners most of the attention in this big picture trend, it is a much bigger issue than just that. Effectively, retailers with heavy debt loads lack the flexibility to adjust to changing consumer tastes (including an increasing desire to shop online). This has been depressing the shares of mall owners like Simon because faltering retailers have been going bankrupt, and even many that are likely to survive the "retail apocalypse" are choosing to close stores.
Source Fool.com
