CBL - CBL & Associates Properties: Why I Continue To Buy The Preferred Shares Anticipating The Swap For New Equity
Author's Note: This article is intended for investors oriented towards value-deep, value-distressed asset investing. Those seeking moderate- to high-risk value investments may have an interest in this article. Investments in this company at any level of the capital structure are unsuitable for those seeking retirement income, and I strongly discourage purchase of securities related to this company for retirement income accounts, where a focus on risk aversion should be paramount.
The Board of CBL & Associates Properties (CBL) has been actively restructuring the balance sheet of the company to reduce the excessive and