Value Stocks Episode 11 – Howard Hughes Corp
Summary:
- HHC’s current earnings do not support the company’s valuation.
- The strategic assets that would determine the future acquisition value of HHC are speculative and may not necessarily be supported by fundamentals.
- Upside potential for the stock is limited in relation to downside risk and other opportunities in the market
Introduction
In this episode, Alex discusses Howard Hughes Corporation (NYSE: HHC). Howard Hughes Corp is a company that was spun off from General Growth Properties in 2010 (Source: HHC History). It was originally created through the acquisition of undeveloped land purchased by early 20th century businessman Howard Hughes. The company owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. The stock stock price has dropped almost 22% from its 52-week high of $142. We hope you enjoy the episode.
Welcome to StockWriteUps.com! My name is Alex Middleton and I am from Calgary, Alberta. I believe investing requires one to carefully study publicly available information in an attempt to develop a thesis based on reason and logic. It also requires one to properly account for the unknown by applying probabilities and margin of safety to their thesis. I hope you enjoy the content!