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WPG - Buying Penney For A Quarter: The Mall REIT Meltdown
Washington Prime Group Inc.
The markets were down on Wednesday morning, with the Dow dropping more than 600 points by noon.
As Yahoo Finance’s homepage put it, that was due to “grim economic, earnings data.” As if we were expecting something positive from retail when most physical stores are shut down?
I don’t mean to be flippant. It’s nothing to laugh at, to be sure. None of this crisis is. However, it’s important to keep that key word in mind: Crisis. And not just any old one either.