Professional
Added to YB: 2024-04-16
Pitch date: 2024-04-15
SITC [bullish]
SITE Centers Corp.
-14.24%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities.
Market Cap
$363.6M
Pitch Price
$7.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.96
P/E
12.75
EV/Sales
3.46
Sector
Retail REITs
Category
growth
$SITC – the Ryanair of container shipping stocks
SITC: Niche intra-Asia container shipping co with Ryanair-like advantages. Profitable even in tough 2010s vs peers. COVID boom over but strong fundamentals remain. 10x P/E looks good for teens earnings growth + chance of re-rating. Founder-led, strong ROIC & FCF, net cash. Risks: cyclical industry, estimate error.
Read full article (7 min)