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Washington Prime (WPG) is a landlord of class B and C mall properties. With shares yielding around 25%, should investors at higher cost basis average down, or even double down? When I last looked at the company, I explained why everything would need to go perfectly for shares to perform well. I had hoped that would adequately express my bearishness, but judging from the comment stream i seemed to have not been clear enough. I explain in this report why shares aren’t as cheap as they look once you consider their debt