$SPG making a comeback? (3/5)

٢١ ديسمبر ٢٠٢١

Conviction: 3/5
there may be near-term pullback for better entry


General Thesis

• recently bounced off (low confidence) long-term channel
  
• breakout from medium-term resistance (2016)
  
• although a bit of indecision around resistance line
  
• Weekly RSI is high, but did not stop continued rise from 2009 lows
  

Growth

• Margins high and growing
  
• growth is around 50th percentile
  

Value

• P/FCF about 50th percentile
  
• P/S high: about 80th percentile
  

Fundamentals/Balance Sheet

• rising rates could be good for REITs
  
• debt/asset ratio below 1
  
• quick ratio N/A
  

Potential Risks

• expensive market...
  

٢٦ يناير ٢٠٢٢

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