Tanger Factory Outlet Centers (SKT) shares remain risky and the dividend is not as safe as it looks. I remain bearish on SKT and rate shares a sell.
The issue with SKT continues to be the secular headwinds facing lower quality mall and mall outlet properties.
The continued deterioration in long-term leases is worrisome, and they will need to continue to direct all excess free cash flow towards paying down debt indefinitely as long as cash flows continue to decline.
Tanger Factory Outlet Centers Short Interest
Greensboro's City Council violated their oaths of office and the City Charter on TPAC, enabled by Kathy Manning
"concerning all documentation concerning the financial sustainability of the Tanger Performing Arts Center
From a Roch Smith City of Greensboro records request on STPAC funding; The City doesn't really know how much of the private donations received are actually in hand, and Walker Sanders of The Community Foundation of Greensboro appears to have not released the information while making investment fees on an unknown amount of assets
Greensboro City Council member Tammi Thurm's former employer Randall Kaplan's Wife and Congressional Candidate Kathy Manning's Tammi Thurm $1,000 contribution before she voted them a $30 million unneeded parking deck from which they will personally profit
Are City of Greensboro taxpayers and parking deck patrons on the hook for at least $35.1 million not including legal costs, for a parking deck which most of City Council doesn't even know much about, for Kathy Manning, Randall Kaplan, George House and Greg Dillon, who has a contract on the News and Record property?
The Community Foundation of Greater Greensboro asks its donors to "bunch" 2018 donations without disclosing much of the money could be forcibly allocated to Greensboro's new Steven Tanger Center for the Performing Arts
The Community Foundation of Greater Greensboro's Walker Sanders violated his fiduciary duty to his clients and donors
How to mislead a community on $23,108,494.98 Publicly Funded TPAC costs, by Greensboro's City Council, Staff and the 'Private Donors' who knew and said nothing
On US Senator Kay Hagan's Brother in Law David Hagan, Making a Nice Slice off Greensboro's Taxpayers while Sitting on CFGG's Board
Performing Arts Center: "[Notable]...Task Force Members"
GPAC Development / Marketing Task Force; Kathy Manning, co-chair
GPAC Economic Impact / Feasibility Task Force; Randall Kaplan
GPAC Development / Marketing Task Force; George House, one of Randall's partners
Local Democratic delegates vote to tell the national fundraising arm to stay out of the North Carolina’s 13th Congressional District primary election, the state’s most heavily contested congressional race between Adam Coker and Kathy Manning, and Greensboro's News and Record reports nothing, two and now one day before the election = Another media rigged primary
STPAC VIP Parking Control Fraud Math
Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws
Two reasons among many that a GPAC with 3,000 seats probably won't work as well as DPAC with 2,700 seats
Kathy Manning, Randall Kaplan's wife, lobbying for a GPAC and their new hotel
On GPAC and the Community Foundation
Jeff Sykes carves up Nancy Vaughan, Roy Carroll, Randall Kaplan and the rest of the crooked crew in downtown Greensboro
A view from the sky above the construction site at Tanger Center! #TangerCenter pic.twitter.com/UoxeqW4Vx2— Tanger Center (@TangerCenter) August 7, 2019
Greensboro's slush fund jumps to $391 million from $315 million since 2016, after City Council raised taxes by about 15% during the same time frame #sogso #gsopol #ncga #ncpol https://t.co/ywm079qivb— Abner Doon (@Aenbrnood) July 2, 2019
$SKT "In good times, people love a bargain, and in tough times people need a bargain." Given that Tanger shares are now a hair above where they were at the 2009 low, apparently people are heading elsewhere for their beloved bargains. pic.twitter.com/6tFLLyxstX— North Bluff Capital (@bluff_capital) August 23, 2019
Blow off Top in the Biggest Bubble In History Happening Before our eyes.— Paranoid Bull (@paranoidbull) August 22, 2019
$1t In Negatively Yielding Corporate Debt.
This Should Never Exist.
ht @DavidBCollum pic.twitter.com/m6xa0LSZMJ
Massive consumer deleveraging between 2008-2013 has been fully reversed. Real personal-interest payments recently eclipsed all-time high of ’07. This 6-yr, 50% increase is similar to that which preceded the last two #recessions pic.twitter.com/eVBYo8viHN— The Leuthold Group (@LeutholdGroup) August 20, 2019
Federal debt as a percentage of the GDP going back to 1790: https://t.co/FhGdXctzVd via @SoberLook pic.twitter.com/X1r5F72mUU— Jesse Felder (@jessefelder) August 20, 2019
Monthly cost of:— Public Citizen (@Public_Citizen) August 16, 2019
Is this what America first means?
The US military budget represents more than half of the US discretionary budget ($750B vs $1.426 Trillion. A massive figure.https://t.co/HHbEzMu5vn— Sven Henrich (@NorthmanTrader) August 17, 2019
A time is rapidly approaching where just the interest expense on the national debt will exceed the size of the US military budget. pic.twitter.com/yosITgaPi7
Cass Freight Index Contracts 8th Month: Cass Predicts Negative GDP by Q3 or Q4 https://t.co/FYR6GTQVgn— Abner Doon (@Aenbrnood) August 17, 2019
When central banks have monetized all sovereign and corporate debt...and most of the global equity market. Or in limerick form:— Limerick King (@TheLimerickKing) August 16, 2019
Stealing the world can be fun
It doesn't require a gun
Just hire a guy
To print and then buy
When you own every asset, you're done! https://t.co/MDQxL7j3cd
This is fine. https://t.co/PIesCbGO2e— Ben Hunt (@EpsilonTheory) August 16, 2019
The Federal Reserve is not currently forecasting a recession -Ben Bernanke January 10, 2008.— Stalingrad & Poorski (@Stalingrad_Poor) August 14, 2019
Yellen says U.S. 'most likely' not entering a recession August 14, 2019
Retirees who own their homes after decades of #mortgage payments are often forced to sell because their #PropertyTaxes have risen with inflation to exceed what their mortgage payment used to be. Property taxes amount to a #rent you pay to keep living on your own property! pic.twitter.com/vcR6k5sI8D— Mary J. Ruwart Ph.D. (@MaryRuwart) August 4, 2019
Until the manipulation that doesn't work.— Abner Doon (@Aenbrnood) August 6, 2019
Egotism is the anesthetic that dulls the pain of stupidity
The tide turns when enough figure out how ignorant most are. https://t.co/MnkaxDrwKS
Power is controlling what happens. Absolute power is controlling what people think about what happens.— Caitlin Johnstone ⏳ (@caitoz) August 3, 2019
Here is a list of all the lessons the Federal government and big banks learned from the 2008 financial meltdown:— Steve Burns (@SJosephBurns) August 3, 2019
Buckle up, folks. https://t.co/RqEjnuIuIu— Otavio (Tavi) Costa (@TaviCosta) August 1, 2019
The Chicago PMI at these levels equates to a recession 87.5% of the occurrences. i.e it only failed once, when growth hit zero in 2015 but dint confirm a recession. pic.twitter.com/1j0kZH6b9q— Raoul Pal (@RaoulGMI) July 31, 2019
Per friday's revisions, BEA now shows domestic profits have plunged to 7% of GDP. When they did that in 1979, 1989, 2000 & 2007, they went on to drop another 2 ppts, on average. Not surpris'ly, eco recession ensued--(an avg. 7 mo's later). That wld put us @ Oct. pic.twitter.com/xjqWWuOz4n— steph pomboy (@spomboy) July 31, 2019
bubble pic.twitter.com/u93uilMolo— Abner Doon (@Aenbrnood) July 28, 2019
Credit card interest rates versus the Fed Funds rate = Many are getting ripped off by banks and Wall Street, again, with the help of our elected leadership; pic.twitter.com/gX15r4tbeV— Abner Doon (@Aenbrnood) July 25, 2019
The only thing more shocking than the truth of this world are the lies we’re told to cover them all up— ♠️Debt Slave♠️ (@PaulTheMartian) July 23, 2019
The market is fundamentally and technically overvalued to an extreme.— Kevin C. Smith, CFA (@crescatkevin) July 19, 2019
Beware the idea that the Fed has repealed the business cycle.
Instead they have created the biggest asset bubbles yet.
The unwind portends a nasty recession on the horizon.$DIA $INDU $DJIA pic.twitter.com/ZlKKbEtol8
The Boston Tea Party Was a Protest Against Monopolyhttps://t.co/Zf5mxNoZ1v— Abner Doon (@Aenbrnood) July 4, 2019