Plural Investing's Chris Waller on the entertainment and hospitality turnaround at Seaport $SEG

Chris Waller, Founder and CIO at Plural Investing, joins the podcast for the third time to discuss his thesis on Seaport Entertainment Group Inc. (NYSE American: SEG), whose focus is to deliver unparalleled experiences through a combination of restaurant, entertainment, sports, retail and hospitality offerings integrated into one-of-a-kind real estate that redefine entertainment and hospitality.For more information about Plural Invest, please visit: https://www.pluralinvesting.com/Plural Investing/Hidden Gems write up on $SEG: https://www.hiddengemsinvesting.com/p/special-report-seaport-entertainmentChapters:[0:00] Introduction + Episode sponsor: Fintool[2:22] What is Seaport Entertainment and why it's interesting to Chris[7:40] What is Chris seeing with $SEG that makes Seaport a risk adjusted alpha opportunity[9:20] Cash burn / is the district really that valuable, good[17:41] What attracted Andrew to $SEG - how the opportunity came about (spin off from Howard Hughes)[22:36] Ackman involvement[27:25] Overview of Pier 17 and the new lease they've got there / Meow Wolf concept[36:37] Tin Building and the vision for it / kitchen consolidation / competitive analysis[48:50] Overview of 250 Water and Vegas assets (air rights, Triple A team)[59:33] Overview of "The Historic District"[1:02:38] How the $SEG thesis doesn't play out / new management team[1:06:06] Final thoughtsToday's sponsor: FintoolFintool is ChatGPT for SEC Filings and earnings calls. Are you still doing keyword searches and going to the individual filing and using control F? That’s the old way of doing things before AI. With Fintool, you can ask any question and it’s going to automatically generate the best answer. So they may pull from a portion of an earnings call, or a 10k, whatever it may be and then answer your question. The best part- every portion of the answer is cited with the source document.Now- if you’ve tried to do any of this in ChatGPT you may know that the answers are often wrong or hallucinations. The way Fintool is able to outperform ChatGPT is their focus on the SEC filings. If you’re an analyst or a portfolio manager at a hedge fund, check them out at https://fintool.com?utm_source=substack&utm_campaign=yavb&utm_content=podcast280See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimer