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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
  • Sears Seeks $2 Billion For Lands End- Fox Business 0 comments
    Mar 29, 2012 12:02 PM | about stocks: SHLD

    Edward Lampert Chairman of Sears Holdings (NASDAQ:SHLD) is continuing with the process of monetizing the company's brands. Lands End is one of their key brands along with Kenmore, Craftsman, and DieHard, and it appears to be on the sale block. Reportedly the asking price is about $2 Billion which would be a big boon to Sears. Most positively for Sears shareholders Lampert has begun the process of realizing the sum of the parts value for the company, as opposed to operating only as a retailer.

    At TTCM we sold our Sears stock which was one of the larger positions in the portfolio at around $80. We still have a few short puts, and we'd be looking to add if the stock came down materially.


    Disclosure: I am long SHLD.

    Stocks: SHLD
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