Seritage Growth Properties (NYSE:SRG)

CAPS Rating: 5 out of 5

SRG News and Commentary

Caps

How do you think SRG will perform against the market?

Add Stock to CAPS Watchlist

All Players

24 Outperform
0 Underperform
 

All-Star Players

16 Outperform
0 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top SRG Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

TMFDeej (98.34)
Submitted September 09, 2016

This morning I came across an interesting article over on Seeking Alpha by REIT guy Brad Thomas. The article is interesting not only because it pertains to Sears' recent REIT spinoff, Seritage Growth Properties (SRG), a special situation in itself,… More

Top Bear Pitch

There are no pitches that meet the Top Bear criteria. Explain

If this upsets you, start recommending pitches below!

SRG VS S&P 500 (SPY)

Fools bullish on SRG are also bullish on:

Recent Community Commentary

Read the most recent pitches from players about SRG.

Recs

0
Member Avatar SandmanKy (92.98) Submitted: 10/26/2017 4:43:48 PM : Outperform Start Price: $44.99 SRG Score: -24.37

Every time I follow Buffett, I get kicked between the legs.

Recs

1
Member Avatar TMFDeej (98.34) Submitted: 9/9/2016 9:49:45 AM : Outperform Start Price: $47.36 SRG Score: -33.96

This morning I came across an interesting article over on Seeking Alpha by REIT guy Brad Thomas. The article is interesting not only because it pertains to Sears' recent REIT spinoff, Seritage Growth Properties (SRG), a special situation in itself, but also anecdotally as well. There is a Seritage Sears store in the mall in my town. They recently announced that they are closing the entire second story of the Sears store to put in a Dave & Busters. Apparently this is not the only Sears location that this is happening in, it's some sort of larger agreement between the two companies.

Now I love arcades in general so I was naturally thrilled by this news from a personal perspective, but this is noteworthy from an investing perspective as well. For years we heard about how Sears was sitting on all sorts of valuable real estate that it was supposedly going to monetize, but seemingly never did. Now that much of that property is in a somewhat independent entity, Seritage, it sounds as though it might actually be happening. Definitely something to keep an eye on.

Why The Heck Did Buffett Buy Seritage?

Summary

- Sears represents one of the most storied retailers in the US.

- Seritage is primarily a development play.

- Clearly the struggling retailer has a few more levers to pull, but bankruptcy is a true option.

http://seekingalpha.com/article/4005122-heck-buffett-buy-seritage?ifp=0&app=1

Jason
No position in SRG

Recs

0
Member Avatar TMFhurrah (65.93) Submitted: 8/29/2016 10:44:08 AM : Outperform Start Price: $44.04 SRG Score: -26.49

At the moment, the vast majority of their property is leased to Sears at ridiculously low rates (Sears being an anchor tenant, and leases being very old), but they have recapture rights on 50% of the space. On some, they have rights to 100%. The recapture is happening at rates much higher than what Sears is paying - which is a ridiculous $4.60/sq ft. The newer rents are going for much higher, on the order of $20. Once this happens, rental revenue can go up by 50, even a 100%.

Leaderboard

Find the members with the highest scoring picks in SRG.

Score Leader

constructive

constructive (99.98) Score: +26.87

The Score Leader is the player with the highest score across all their picks in SRG.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
derbydog85 < 20 6/28/2017 Outperform 5Y $41.77 -2.41% +7.12% -9.52 0 Comment
TotalReturnInv 98.33 7/3/2017 Outperform 5Y $42.01 -2.96% +6.95% -9.91 0 Comment
Playa14 < 20 1/11/2017 Outperform 5Y $39.40 +3.48% +14.55% -11.07 0 Comment
sdhwang422 71.84 2/9/2017 Outperform 5Y $41.19 -1.01% +13.16% -14.17 0 Comment
darkbite 95.18 3/31/2017 Outperform 5Y $42.82 -4.79% +9.92% -14.72 0 Comment
maximstrelzow 98.80 8/1/2017 Outperform 5Y $46.64 -12.58% +4.97% -17.55 0 Comment
dwiprut 85.77 2/14/2017 Outperform 5Y $43.63 -6.55% +11.19% -17.74 0 Comment
Irishbetter 97.48 2/10/2017 Outperform 5Y $43.08 -5.36% +12.42% -17.79 0 Comment
AAOI 98.36 2/6/2017 Outperform 5Y $42.67 -4.46% +13.50% -17.95 0 Comment
snommis69 81.80 2/10/2017 Outperform 5Y $43.73 -6.78% +12.21% -18.99 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

There are no Wall Street tracker picks for SRG.

Featured Broker Partners