Since being spun off from Sears Holdings six years ago, Seritage Growth Properties (NYSE: SRG) has attracted interest from several high-profile investors, led by Warren Buffett. Yet despite the REIT 's attractive real estate and substantial redevelopment opportunities, Seritage stock has fallen in value since going public in 2015.
Is Seritage finally ready to cash in on its potential? Or did the COVID-19 pandemic crush its prospects? Below, two veteran Foolish contributors debate the merits of Seritage Growth Properties stock.
Seritage Growth Properties had a lot of potential -- before the COVID-19 pandemic. However, it no longer has enough upside to justify the risk of owning it.
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Bull vs. Bear: Seritage Growth Properties