Professional
Added to YB: 2024-11-08
Pitch date: 2024-10-09
SEG [bullish]
Seaport Entertainment Group Inc.
-16.99%
current return
Author Info
No bio for this author
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
$26.14
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
special_situation
Plural Investing Portfolio Holding: Seaport Entertainment Group Inc.
SEG: Spinoff from Howard Hughes w/ rights offering. Pershing Square oversubscribing, showing confidence. $330M mkt cap, $50M net cash. Key assets: 250 Water St land ($180M), Pier 17 ($600M invested, $30M potential earnings), Tin Building (losing $42M). New CEO Nikodemus w/ $12.4M stock/options. Potential multi-bagger in 3 years.
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