[SRG] Seritage Growth Properties - Part 2 | Value Investor TV - Podcast #130
The art of copying.. This is a company owned by the greats: Warren, Guy Spier, Mohnish Pabrai, and Phil Town. Seritage Growth Properties (NYSE: SRG) is a fully integrated REIT and owner of 195 properties totaling over 30 million square feet across 44 states and Puerto Rico.In this podcast, we invited Abhishek Shete, who is an active member of the Value Investor TV Slack Community, to discuss SRG. He has been working for a construction company in the US for past 5 years but have always been fond of learning about businesses. Inspired by Charlie Munger, Warren Buffet and Mohnish Pabrai, he is looking for an opportunity in this field on professional level. He loves constructive feedback so feel free to reach out to him on twitter handle - @abhishekshete15. If you would like to read more on Abhishek's analysis of SRG, here is a link to his blog: https://coffeewithabhishek.wordpress.comIntroduction & About Abhishek - 0:00SRG Thesis Summary - 2:54Health of Their Balance Sheet - 4:04Owned by the Greats (Warren, Guy Spier, Mohnish Pabrai, and Phil Town) - 7:15Poor Cash Flow & Bear Case - 8:50Management Incentive Structure - 15:50How do they handle excess capital? - 18:09Is management open and honest? CEO and CFO Departure -19:06SRG Valuation and Valuation Thesis - 22:13How to reach out to Abhishek - 29:51Email: [email protected]: @valueinvestortvInstagram: @valueinvestortvFacebook: /valueinvestortvDatabase: www.valueinvestor.org