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CBL - CBL & Associates Drops The Preferred Bombshell
CBL & Associates Properties Inc.
It has been some time since I commented publicly on the situation at CBL & Associates (CBL) although the name has been a fairly frequent topic of conversation for me on Seeking Alpha over the years. Whether that be my postulation that the common equity might be worth absolutely nothing on a net asset value (“NAV”) back late in 2018 (“CBL & Associates: Is The Stock Worth $0?”) or the multiple research notes outlining the issues surrounding their upcoming refinancing (e.g., "CBL & Associates: Refinance Thoughts"), I frequently got