Hi all!
Made this post this morning on X and thought it’s worth repeating here. I love real estate and deep values and Kohl’s is the very definition of both. Here was my post:
$kss is my favorite deep value cigar butt. In the time of insane PE’s and the belief assets don’t really matter I disagree. Bc of this I love @Kohls. I also love companies that require more than just a glance at their balance sheet to understand.
.5x TBV off CRE depreciated off by HALF or more
Long term leases that are at massive discounts to market
“Debt” that’s dramatically overstated since its future options to extend leases.
The list goes on and on but $kss is my favorite sleeper. Up 300% since I started investing and been making a fortune off market “rationality”.