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GBExpress

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GBExpress

Re: None

Wednesday, 02/08/2023 11:56:30 AM

Wednesday, February 08, 2023 11:56:30 AM

Post# of 1386
From the article linked below -
"In 2021, many of Simon’s brands were “extraordinarily profitable,” and J.C. Penney in particular is enjoying “unbelievably profitable EBITDA,” Simon also said."

https://www.retaildive.com/news/simon-property-group-sells-off-eddie-bauer-interest/642161/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-02-07%20Retail%20Dive%20Newsletter%20%5Bissue:47875%5D&utm_term=Retail%20Dive

How much better would everyone's cash flow be if they just screwed the debt holders out of legally obligated debt repayments? I would be "unbelievably profitable" as well.
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