Seritage Growth Properties (NYSE: SRG) faced significant challenges due to the COVID-19 pandemic, resulting in a downward spiral that the company never fully recovered from. In 2022, management made the decision to sell the company’s assets, repay its debts, and distribute the proceeds to investors. As of April 17, 2024, the stock prices were showing promise for potential rewards for shareholders.
Before considering an investment in Seritage Growth Properties, it’s important to note that The Motley Fool Stock Advisor analyst team did not include it in their list of the 10 best stocks to buy now. However, past recommendations from Stock Advisor, such as Nvidia in 2005, have shown significant returns over time. The Stock Advisor service provides investors with a roadmap for success, offering guidance on portfolio building, regular analyst updates, and two new stock picks each month.
Matt Frankel, an affiliate of The Motley Fool, has no position in Seritage Growth Properties but recommends the company. The Motley Fool has a disclosure policy, and Frankel may receive compensation for promoting its services. It’s important to conduct thorough research and consider all factors before making any investment decisions.
Despite the challenges faced by Seritage Growth Properties during the pandemic, there is potential for upside for investors as the company undergoes a transformation in its business approach. With its assets sold and debts repaid