Why I'm Buying Tanger Factory Outlets
Shares of Tanger Factory Outlets (NYSE: SKT) have fallen 30% this year due to ongoing concerns about e-tailers disrupting brick-and-mortar retailers. But after tracking Tanger for the past month, I decided to pick up some shares. Here are my top reasons for doing so.
Tanger was sold off with many other brick-and-mortar retailers, but it's actually a real estate company. The company owns 43 outlet shopping centers across the United States and Canada, which are leased to over 3,100 stores from more than 500 different companies.
Image source: Tanger Factory Outlets.
Source: Fool.com
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