Bullish long-term investors and bearish short sellers have been waging an ongoing battle in the stock of Sears Holdings Corporation (NASDAQ:SHLD). Opportunistic speculators have occasionally joined both sides as the limited float and high short interest have repeatedly caused short squeezes and minor crashes. Other participants, on both the short and long side, have thrown in the towel due to fatigue. All the while analysts have carefully parsed every word and action taken by Chairman Edward Lampert in a modern form of Kremlinology.
I recently visited one of Sears' most valuable domestic properties, a fully owned anchor "big box" at the high-end Plaza at King of Prussia, and got some insight into what direction the ongoing transition
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