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Enterprising Investor

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Re: None

Monday, 08/03/2020 4:49:12 PM

Monday, August 03, 2020 4:49:12 PM

Post# of 88
Retail Value (NYSE:RVI) rises 1.5% after Odeon Capital analyst Alex Arnold initiates coverage with a Buy rating, saying the stock has been "over-penalized by the COVID downdraft (7/30/20)

Sets $20 price target.

Sees significant upside "as ongoing disposition of remaining assets draws asset mispricing in clearer focus."

Expects future dispositions to cover the estimated $475M remaining mortgage and a $190M preferred to Site Centers.

Using a couple of different methods for valuing RVI's assets, Arnold believes fair value is in excess of $20 and "a real bull-case scenario may be in the $40s."

Arnold's Buy recommendation contrasts with Bearish Quant rating.

https://seekingalpha.com/news/3597896-retail-valueplus-1_5-odeon-makes-bull-case-for-valuation

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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