Seritage Growth Properties (NYSE: SRG) is an attractive investment at today’s price. The company’s assets have enormous redevelopment opportunities embedded in them. Long-term oriented investors can buy at prices not much higher than Warren Buffett bought over a year ago. As time passes and Seritage completes more redevelopment projects, it will further distance itself from its past and the stock price should rise significantly.
In July 2015, Sears Holdings (NASDAQ: SHLD) created Seritage Growth Properties as a way to separate some of its real estate from its struggling retail....More>>>