What Did You Buy Today?

[stockguru]

(08-10-2020, 11:16 AM)vbin Wrote:

(08-09-2020, 06:32 PM)fenders53 Wrote:

(08-09-2020, 04:30 PM)vbin Wrote: Did anyone saw this: Amazon, Mall Owner Look at Turning Anchor Spaces Into Fulfillment Centers https://www.wsj.com/articles/amazon-and-...1596992863

Any SPG owners here ? The stock might shoot up.on the news and if the deal goes through.

This was rumored about the time Covid hit and it looked bleak for JCP.  It would seem to make sense at locations where a JCP has a huge parking lot and easy access to a major road.  Hundreds of semis and Amazon delivery trucks daily is not going to enhance the mall experience in a lot of locations where traffic is an issue.  Not that I am an Amazon logistics expert, but they move a lot of freight every day.

~ 11% up on the news. Lol

It's just a rumor and AMZN isn't going to fill all the empty spaces in the mall lol.  I have been to 4 Simon malls over the past few weeks and more then 50% of spaces are empty in the mall. That can't be good for SPG going forward. Malls are dead. Sell 0n the news