Professional
Added to YB: 2025-03-19
Pitch date: 2025-03-17
SEG [bullish]
Seaport Entertainment Group Inc.
+7.91%
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
$20.22
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
Kathmandu Capital Portfolio Holding: Seaport Entertainment Group Inc.
SEG: Class A NYC Seaport assets ($1.5B invested) trading at $260M cap. Ackman-backed spinoff from Howard Hughes. Turnaround potential via kitchen centralization, venue upgrades, asset sales. CEO from MGM aligning incentives. Meow Wolf deal signals entertainment hub vision. Undervalued with significant upside.
Read full article (1 min)