2024-02-08 05:40:00 ET
Summary
- In the quarter, we invested in a highly attractive spin-off security: Net Lease Office Properties.
- As shares hover around $24, I continue to believe NLOP remains very much undervalued.
- I am happy to hold our NLOP shares until we achieve a price much closer to liquidation value.
The following segment was excerpted from this fund letter.
Net Lease Office Properties ( NLOP )
In the quarter, we invested in a highly attractive spin-off security: Net Lease Office Properties . The word "office" is enough to give many investors chills, and that's why the opportunity existed in the first place and continues to exist. Fortunately, the overwhelming pessimism allowed us to build a large position at a very attractive price....
Read the full article on Seeking Alpha
For further details see:
Alluvial Capital - Net Lease Office Properties: Significant Upside Potential Well Worth The Volatility