Is Seritage a Likely Double From Here?
There may be no more dangerous sentence in investing than “this time is different.” Seritage Growth Properties (NYSE: SRG) deserves that skepticism more than most. Seritage has looked cheap for years. In 2022, when shareholders approved a plan to sell the company’s assets and liquidate, management estimated eventual shareholder distributions of $18.50 to $29 per share. Almost four… Read More »