Simon Property: Buy For The Strong Value Proposition
Simon Property(SPG) Seeking Alpha·2024-01-24 13:10
JuSun It's been a while since I last visited Simon Property Group (NYSE:SPG) here with a 'Strong Buy' rating back in May of last year, and I'm glad I stuck with my buy and hold thesis on the stock over this time. While the dramatic rise in the S&P 500 (SPY), driven by the growth in a number of mega-cap tech stocks like Apple (AAPL) and Meta Platforms (META), has caught attention-grabbing headlines, stocks like SPG that were dramatically undervalued have had solid-performing runs of their own. This is reflec ...