Dillard's, Inc.
DDS
position
long
Donald Smith
Thesis
Dillard's has tremendous hidden real estate value, with a breakup value estimated at $52 per share compared to its current price of around $27. The company is undergoing a fundamental turnaround, which, combined with its asset value, makes it an attractive investment.
Did it work?
worked
confidence: high
The stock price has increased by 2230.1%, significantly exceeding the estimated breakup value of $52 per share, which indicates that the thesis regarding hidden real estate value and the company's turnaround has played out successfully. The substantial return confirms that the investment thesis was correct and has resulted in a highly favorable outcome.
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