07/14/17 — RS Metrics measured negative traffic and Negative signals for Starbucks last quarter (1Q17), This quarter traffic improved enough to generate Positive signals in April and May, and then back down to a No Signal for June due to the harder Y/Y comparison vs. June last year.
06/30/17 — "Outlet malls are the latest victim of the retail apocalypse"
Tanger used to lead all outlet centers in drawing consumers but now, like all centers, is seeing only a modest increase in shoppers, according to RS Metrics, which uses satellites to monitor cars in scores of shopping centers.
“They are no longer outperforming the sector,” said Mike Gantcher, managing director of RS Metrics.
At investment bank Boenning & Scattergood, analyst Floris van Dijkum predicts that base rentals will rise 3.5 percent next year, down from a 6.6 percent bump in 2016.
Tanger shares are down 31 percent over the past 12 months, and the company earlier this year said profits for 2017 would be lower than expected.
Bank of America analyst Craig Schmidt recently downgraded Tanger to underperform from neutral.
06/15/17 — Kroll affirms its outstanding ratings for all classes of BBSG 2016-MRP - backed by The Mall at Rockingham Park.
RS Metrics CRE Trends data confirms Kroll’s outlook, measuring stable trends at the mall in 2017, places the mall 3rd in its peer group against other local malls, and shows it is slightly outperforming NH and Northeast Mall Benchmarks.
06/01/17 — "We are short AKG because we believe it is highly likely to end up a Zero. On the back of flawed geology, AKG made investments in Nkran, its satellite pits, and Esaase that we believe will never be recovered.
Nkran is already experiencing a serious collapse of its west wall that we believe is a sign of AKG’s desperation. We estimate AKG needs to spend $75 – $115 million soon to keep mining Nkran, or the mine will “pinch out”.
Spending the money likely means AKG will run out of liquidity in 2018; not spending the money leaves the company without the cash flow to develop its largest deposit, Esaase.
05/30/17 — This article highlights many recent challenges to hedge funds. To differentiate and generate Alpha, investors must include alternative data. The old models everyone uses aren't working anymore. RS Metrics products have been proven and validated by customers and third party research firms (e.g. JPM, Wolfe Research) to generate Alpha with low correlation to the S&P and other data sources.