Hey Arty, I recently had lunch with this guy named Eli. He said the value of the stock is meaningless to him. He makes all his money off of the moves up and down and in fact does everything he can to make sure it does continually move up and down. Makes sence to me, I guess.
If they close the doors their real estate still exists. The value of their hard assets is much larger than current enterprise value. This is not about an ongoing concern co it is about break up value.
Yeah they ruined some great brands, yeah their K-Mart stores are bad Sears in my area are very nice though, I just bought some Kenmore appliances as well. Did you know that Sears service does 30,000 appliances repairs per day, that is a hidden gem but it is the re that is worth the $$$$.