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Cbl & Associates Properties, Inc. (CBL) [hlAlert]

down 56.88 %

Cbl & Associates Properties, Inc. (CBL) rated Underperform by Wachovia

Posted on: Wednesday,  May 6, 2009  9:25 AM ET by Wachovia

Wachovia rated Underperform Cbl & Associates Properties, Inc. (NYSE: CBL) on 05/06/2009, when the stock price was $6.51.
Since then, Cbl & Associates Properties, Inc. has gained 131.95% as of 11/27/2015's recent price of $15.10.
If you would have followed this Wachovia's recommendation on CBL, you would have lost 56.88% of your investment in 2396 days.

CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). The Company is engaged in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, open-air centers, community centers and office properties. The Company?s shopping centers are located in 27 domestic states and in Brazil, but are primarily in the southeastern and midwestern United States. The Company conducts all of its business through the Operating Partnership. CBL is the 100% owner of two qualified REIT subsidiaries; CBL Holdings I, Inc. and CBL Holdings II, Inc. CBL Holdings I, Inc. is the sole general partner of the Operating Partnership. On February 1, 2008, the Company entered into a 50/50 joint venture, CBL-TRS Joint Venture II, LLC, affiliated with CBL-TRS Joint Venture, LLC (collectively, CBL-TRS), both of which are joint venture partners with Teachers? Retirement System of the State of Illinois (TRS).

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/6/2009 9:25 AM Sell
as of 12/31/2009
1 Week down  -60.66 %
1 Month down  -82.18 %
3 Months down  -73.91 %
1 YTD down  -159.13 %

(*) Stock Price at the time of the recommendation.
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