Great American Management
GAM
position
long
Sam Zell
Thesis
Zell mentions acquiring Great American Management, a distressed REIT with $127 million in net operating losses (NOLs), which he believed had significant value that was not reflected in the stock price at the time.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The mention of acquiring Great American Management and the potential value of the NOLs suggests a positive outlook, but without further information, we cannot determine the effectiveness of the investment thesis.
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