Several hedge fund managers presented their recent stock picks at the 13th annual Invest for Kids conference last week. Rebecca Pacholder of Snowcat Capital was one of the presenters, and she outlined her thesis for CBL, a real estate investment trust that primarily owns mall properties. Q3 2021 hedge fund letters, conferences and more Background Of CBL Given that investors generally see malls as dying, Pacholder’s thesis was contrarian in nature. Additionally, CBL just came out of bankruptcy, and she sees it as an atypical mall story. Her base case price target is $34 per share, but she sees room…
Invest For Kids: Thesis For Mall REIT CBL
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.