Professional
Added to YB: 2024-10-11
Pitch date: 2024-10-09
SEG [bullish]
Seaport Entertainment Group Inc.
-18.67%
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
$269.9M
Pitch Price
$26.14
Price Target
N/A
Dividend
N/A
Sector
Real Estate Management and Development
Category
special_situation
Plural Partners Fund Portfolio Holding: Seaport Entertainment Group Inc.
SEG: Spinoff from Howard Hughes w/ rights issue. Insider oversubscribing. Key assets: 250 Water St ($180M value), Pier 17 ($30M potential earnings), Tin Building (loss-making). $330M mkt cap, $50M net cash vs $1.3B+ invested. New CEO w/ $12.4M stock/options. Potential multi-bagger in 3 years.
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