/biz/ - Business & Finance

>>20440336
>>20440336
I can't find their property listings, but they're balls deep internationally. I don't see it looking good, which is probably why they're priced the way they are. Seems to me like they have a lot of malls, and I have to wonder whether there has been any degree of recovery. They're also huge, and they also weren't expecting an event like this. I'd also postulate with the expiry of unemployment bonuses and the current discussion rather than action of more distributions that business will bear some brunt. Finally, businesses are also missing big cashflow, especially retailers, I haven't looked at their margins and I haven't compared them but I can only imagine that as with many things they're razor-thin so the loss of foot traffic and shutdowns has drastically compromised their ability to generate cash to the breakeven point meaning their not creditworthy. $2bn senior notes also, for investors to chuck to the fed, but debt nonetheless.

If anything I'd short that shit into the ground, but that's just me.