Added to YB: 2025-05-19
Pitch date: 2025-03-30
HHH [bullish]
Howard Hughes Holdings Inc.
+14.73%
current return
Author Info
No bio for this author
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops and operates master planned communities (MPCs) in the United States.
Market Cap
$4.5B
Pitch Price
$73.71
Price Target
146.00 (+73%)
Dividend
N/A
EV/EBITDA
11.64
P/E
15.02
EV/Sales
4.71
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).
Read full article (23 min)