They will get rid of the worst locations,Smart. Fools sold off. Sears is still the Best. The closings will make the company stronger. The smart people will load up SHLD
most stores will be closed - watch and learn.
this stock's book value is over estimated
based on store real estate holdings that
nobody in this economy can buy now.
they'll have to fire sale on 100's more
stores to preserve the cash to revive,
their remaining top foot traffic stores.
I respect your opinion, but heck no. They will close more in the future just watch. This is just Sears buying time so people like you will still hold on to the stock. Your best bet would be to get out.
what fast eddie needs to stop playing retail exec and start to panic and start closing stores and leasing them to solid rental paying tenants and stop the buybacks as liabilities need to be paid down.
Expect a reit spinoff in 2012 imo.
One posiitve is the real etstae is unencumbered by debt.
dude, that was mostly known. Did you expect the numbers to be better?
A good part will come from the unloaded inventory and the sale/lease of the 120 stores. Thats a lot of cash when you consider the low debt.
SHLD has enough cash to continue with the buyback.