CBL & Associates Properties, Inc. (CBL): A Bull Case Theory

We came across a bullish thesis on CBL & Associates Properties, Inc. (CBL) on Substack by Dave Waters. In this article, we will summarize the bulls’ thesis on CBL. CBL & Associates Properties, Inc. (CBL)'s share was trading at $22.42 as of April 8^th. CBL’s trailing P/E was 11.99 according to Yahoo Finance.

[caption id="attachment_1228684" align="aligncenter" width="768"] Aerial view of a shopping mall bustling with consumers.[/caption]

CBL Properties, a mall owner that restructured and emerged from bankruptcy in 2021, has since made meaningful progress by paying down debt,...