No. of Recommendations: 2
I too am considering purchasing SKT. It would be my first time buying this well known REIT.

What I like about it most are:

1) Cheap.

2) Good occupancy rate.

3) Good dividend and good coverage.

I will probably hold off for now for the following reasons;

1) I would like to wait and see how the economy, retail, and SKT's fundamentals progress over another quarter or two.

2) Would like a cheaper entry price, $18 perhaps.

3) The short interest scares me, I've learned to respect the short sellers.

4) Remember when enclosed malls were destinations, could a similar shift hit the outlets?

Schwab provides analyst reports from CFRA, previously S&P's. They see SKT a little different than Brad Thomas with a target price of $18. I have seen that neither CFRA/S&P or Brad Thomas bats anywhere near 1,000!
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