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SRG - Seritage: Only Berkshire Hathaway Made Money On This
Seritage Growth Properties Class A
2024-05-15 16:30:00 ET
Summary
In our previous work, we had estimated the Seritage's liquidation value is estimated to be between $6.00 and $13.00.
While the bulls disagreed, the company realigned expectations with the Q1-2024 press release.
We look at where things stand and how you should play it.
On our previous coverage of Seritage Growth Properties ( SRG ) we did not see material upside for the stock. This is a story that we have followed since 2017, and we know the chronic disappointment that was handed out to the bulls every year. We felt this time would be no different....