The Macerich Company (NYSE:MAC)
The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.
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Retail is extremely overbuilt, and consumer spending won't reach prior peak levels for years. Even healthy retailers will begin to curb expansion / close stores during 2009 / 2010
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Will eventually have to declare BK. Just riding this one down to zero.
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Real estate has hit bottom. Buy now.
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REIT's are in trouble, MAC is under control. Price is right, and the dividend is outstanding.
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worst 30days caps
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leave your problems for awhile go to see a movie in a comfortable place right near your home
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commercial real estate
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Will be down in a year or two.
Industry in past few years made this one of the better stock but within 1 year or two from now, it's pay back time!
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MAC has strong management who have been making underperforming shopping centers better since the 1970s. Commercial real estate has remained strong regardless of weakness in residential real estate. MAC has boosted its dividends every year and had solid FFO growth every year.
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Macerich is a rapidly growing Mall REIT that should outperform the averages over the coming years in terms of total return.
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