Jan. 9 at 12:43 PM
$OPEN Cato (NYSE: CATO) is cheap for a simple reason: the stock trades around ~
$3 while book value is ~
$8.49/share.
This isn’t a retail comeback call. It’s asset math: cash + investments + inventory, plus pricing the owned footprint and disclosed land.
Key point: no double counting—only the value above what’s already in PP&E.
The question is time: can the business stabilize long enough for the asset gap to matter?
HERE:https://cundilldeepvalue.substack.com/p/deep-value-report-cato-corp-cato
$DIS $NKE $JPM