Added to YB: 2025-05-19
Pitch date: 2025-03-30
HHH [bullish]
Howard Hughes Holdings Inc.
-13.09%
current return
Author Info
No bio for this author
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States.
Market Cap
$3.8B
Pitch Price
$73.71
Price Target
146.00 (+128%)
Dividend
N/A
EV/EBITDA
14.77
P/E
28.90
EV/Sales
5.08
Sector
Real Estate Management and Development
Category
value
Howard Hughes Holdings Inc. - $HHH
HHH: Ackman rejected takeover bid reveals board's willingness to unlock value for minority shareholders. NAV of $146/sh (using management's methodology) offers 97% upside with margin of safety. Board/Ackman wedge creates opportunity for activism or strategic alternatives. Assets (Ward Village crown jewel) hold value despite past capital allocation disasters (-$1B Seaport, COVID dilution).
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