Phil Anthropy

Pershing Releases 13-F: Bulking Up on Sears, No Longer Short Ambac

Mad Money Cramer touted SHLD for years, saying he had confidence in Eddy Lampert and that the real value was in their real estate and other holdings, not the retail end. He likened SHLD to another Berkshire Hathaway model. It does not appear that he was correct. However, since retain will probably consolidate during an economic decline, perhaps SHLD will find some accretive acquisitions at bargain prices. I may go into SHLD as a speculative play if some of the economic numbers get better. They have good tools, appliances and Land's End clothes. But until there's a catalyst, it doesn't appear to me that the stock will do much besides tread water and wish it were Wal Mart. The problem with Cramer's advice is that for every GOOG on the upside, he has a BKHM, LVLT and RAD on the downside.