Thanks for the update. Recently entered Seritage just before it began moving up. Much appreciated

Andrea really presents well and she has been increasing the transparency of the company in recent months. More media and marketing savvy which is great for shareholders.

I like seeing Ms. Olshan discussing the future of this company, I hope to see more ongoing. Transparency is a good thing.

It's impressive how discounted the business is compared to what it would cost to build the RE portfolio from scratch.

SRG is worth $75-$125 a share easily. They sold about 40 parcels for $600M in 2021, with about $150M of property with offers pending. That’s the entire marketer of SRG sold in one year. (See the 2021 annual report filed March 15, 2022)

Also if Eddie Lampert mergers Transform/New Sears with SRG it resolves the SHLDQ/UCC V ESL/SRG Lawsuit.

SRG is a very rare opportunity, I see a 7-10X easily.

Thanks Tom for a great video!
To my understanding, the sears stores are older, lower quality, and are often in greater need of repair than many malls you compared. Therefore, the lesser quality malls would command lower rents thus explaining why srg’s malls are valued lower than competitors by the market.
What are your thoughts on this?

Thanks for the update Tom

Kind of.

Hit like if you came here because of After Dinner Investor's tweet! 🔥

Bottom Line:

If you had no SRG position would you buy the stock today?

First! Hey tom, there's one key risk that no one to my knowledge has adressed regarding SRG. aven't heard Mohnish or Guy or any of the youtubers talk about the pending litigation regarding allegations of fraud and missapropriation of assets with Sears as the plaintiff and Eddie and SRG as defendants. This is literally the only significant risk I can see where the shareholder could lose money in this investment.