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Washington Prime Group (WPG) has been a battleground stock on Seeking Alpha, with bears and bulls arguing over the likely future of this 28% yielding stock.
At its core, the bull thesis is straight-forward, WPG is getting a lot of space returned to them from bankrupt tenants. While this creates an immediate headwind in the form of lost rents, co-tenancy expenses, and a large supply of space flooding the market- bulls argue that this is actually an opportunity.
Clearly, the companies going