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WPG - Washington Prime Is A Sell: Analyzing A Critical Debt Covenant
Washington Prime Group Inc.
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Washington Prime Group (WPG) remains a battleground stock, as evidenced by its high double-digit short interest and surprising universal love on this site. The typical bull thesis falls back on hefty dividend payments helping to reduce the risk. On the conference call, analysts appeared to be razor-focused on the future of their dividend. Some shareholders might have thought that this is too short term minded - I, however, believe that there is a very important