Professional
Added to YB: 2025-01-28
Pitch date: 2025-01-26
SEG [bullish]
Seaport Entertainment Group Inc.
-16.51%
current return
Author Info
Alex is an MBA from Columbia Business School, Value Investing Program that invests in global stocks. Sign up for the newsletter.
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
$25.99
Price Target
52.00 (+140%)
Dividend
N/A
EV/EBITDA
-7.96
P/E
-2.58
EV/Sales
3.42
Sector
Real Estate Management and Development
Category
special_situation
Rome Capital Portfolio Holding: Seaport Entertainment Group Inc.
SEG: Spin-off from Howard Hughes with prime NYC/Vegas assets. Undervalued due to past mismanagement & pandemic. Pershing Square (39.5% owner) installed ex-MGM exec as CEO. Catalysts: non-core asset sales, cost cuts, ops improvements. Proj. 2x value in 3 years. Classic special situation.
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