Professional
Added to YB: 2024-10-03
Pitch date: 2024-10-01
SEG [bullish]
Seaport Entertainment Group Inc.
-19.39%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas.
Market Cap
$312.4M
Pitch Price
$26.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.96
P/E
-2.58
EV/Sales
3.42
Sector
Real Estate Management and Development
Category
value
Night Watch Investment Management New Position: Seaport Entertainment Group Inc.
SEG: Recent Howard Hughes spinoff with valuable NYC real estate. New mgmt team aims to monetize assets better than predecessor. Asymmetric setup: high upside if successful, limited downside if liquidation needed. Added small position due to attractive risk/reward profile.
Read full article (1 min)