Tanger Factory Outlet (NYSE:SKT) is about to release earnings. Ponder this Bear Case Scenario as you contemplate management comments:
Competition for outlet malls is intensifying. The model can be copied very easily and has become a commodity. Rents are going down.
Many Tanger locations are in tourist driven locations. Revenues and traffic will drop as the consumer curtails travelling.
How many of Tanger tenants are coping with the deleveraging of the US consumer. spend is down. Save is up.
George Gutowski writes from a caveat emptor perspective.