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Sears (SHLD) hires real estate specialist David Lukes, former head of real estate company Mall...

Sears (SHLD) hires real estate specialist David Lukes, former head of real estate company Mall Properties, in an attempt to mine the value of its assets. Sears has struggled with tough competition and weak demand for its merchandise, so the troubled retailer hopes to generate cash by selling off its massive real estate holdings.
Comments (5)
  • DeepValueLover
    , contributor
    Comments (8167) | Send Message
     
    Thousands of properties worth hundreds of thousands of dollars each (and in a few cases millions of dollars)?

     

    A quickly upturning commercial RE environment?

     

    VERY long term leases?

     

    One of the world's great capital allocators @ the wheel?

     

    All backed by licensed sales of top hardware and appliance brands?

     

    Along with a very low float.

     

    ...and extreme short interest?

     

    One word:

     

    Jackpot.
    20 Mar 2012, 05:30 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4032) | Send Message
     
    Deep,

     

    It looks good and it appears Lampert is trying but...............
    20 Mar 2012, 08:19 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4032) | Send Message
     
    Remember the Citigroup investment.
    20 Mar 2012, 08:20 PM Reply Like
  • BTShine
    , contributor
    Comments (7) | Send Message
     
    Lampert may have lost money in Citigroup, but he's also made money, or currently has unrealized gains, on many other investments.

     

    Such as...

     

    AutoZone
    AutoNation
    The Gap
    Home Shopping Network

     

    Using one example of how he lost money in Citigroup is misleading. Mr. Lampert's track record seems to be still intact.
    21 Mar 2012, 03:18 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4032) | Send Message
     
    Our grandmothers saw the financial crises coming.
    26 Mar 2012, 12:50 PM Reply Like
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