CBL & Associates Properties Inc (CBL)

[Terminal Outlaw]

I live in the town where CBL is headquartered. In my town CBL is still developing out their properties in full-force. They've recently added Cheesecake Factory, Dave & Busters, new hotels, Dick's, and many other in Chattanooga alone. These are new developments built from the ground up and not newly leased spaces. They have others coming soon too. I follow our local paper which mentions CBL quite often. CBL still seems to be doing strong here and their board is eager to get things back on the right track. I don't understand how - if they are in such bad shape - they haven't announced layoffs and are still able to pay their contractors.

I have't posted to this site in YEARS, but being a penny stock lover it really hit me when I saw CBL here when it's mostly fake/worthless companies and not companies that have nearly $800M in actual revenue (2019).

I am now long CBL as of today. Once the virus is out of here we go back to dollar land imho.