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The Call @ Hedgeye | March 28, 2024

Watch now as Retail analyst Brian McGough and Hedgeye CEO Keith McCullough analyze Simon Property Group (the group that bought JC Penney) stepping up to buy Kohl’s (KSS) at $68/share.

“Kohls is a completely different story. Kohl’s operates in strip malls and there are 10,000 strip malls out there. There are so many and the real estate is a dime a dozen. It’s not worth anything and I don’t see why this makes any sense,” explains McGough. “The board thinks that this stock is worth $80-$90 dollars and bids are coming in the $60’s.

“It’s a frustrating short because I’ve got to deal with a different news story every day and it’s a pain in the ass, but the fact of the matter is that this is a company that is fundamentally overearning.” 

Watch the full clip above.

(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates CLICK HERE to learn more.)