Seritage Growth Properties (NYSE: SRG) was significantly impacted by the COVID-19 pandemic, leading to a downward spiral that the company never fully recovered from. However, 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 is an affiliate of The Motley Fool and recommends Seritage Growth Properties despite having no position in it. It’s important to conduct thorough research and consider all factors before making any investment decisions. In summary
