The Meme Stock That Actually Has Real Value

Core Viewpoint - Kohl's is positioned as a stock appealing to both meme traders and value investors, trading at a significant discount to its intrinsic value despite the meme stock phenomenon continuing into 2025 [1][2]. Group 1: Stock Performance and Market Position - Kohl's share price has increased by 42.63%, reaching $22.43, with a market cap of $1.76 billion [5][8]. - The stock has experienced a 52-week range of $6.04 to $22.45, indicating substantial volatility [6]. - The gross margin stands at 35.97%, and the dividend yield is 3.90% [6]. Group 2: Meme Stock Dynamics - Unlike previous meme stocks that became detached from fundamentals, Kohl's still reflects its underlying profitability [2][4]. - The surge in Kohl's share price last summer was driven by meme traders attempting to initiate a short squeeze, although their influence has diminished compared to 2021 [3][4]. Group 3: Real Estate Value - Kohl's real estate assets have a book value of $9.44 billion, exceeding its current enterprise value by approximately $1 billion [7]. - A previous $60-per-share takeover offer highlighted the value of Kohl's owned real estate, with a private equity firm previously bidding $2 billion solely for these assets [6][8]. Group 4: Future Outlook - The potential for significant returns exists if Kohl's were to sell off its real estate, but the stock's future performance is more likely to depend on the successful execution of an operational turnaround [8].