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 for upside to $47 per share.
CBL is a REIT based in...
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