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Insiders think that with Eddie Lampert manning the CEO position at Sears Holdings (SHLD) more...

Insiders think that with Eddie Lampert manning the CEO position at Sears Holdings (SHLD) more asset sales and spinoffs could be in the offing. Though the plan sounds enticing for investors, a fly in the ointment for fetching top dollar for real estate assets could be if J.C. Penney (JCP) starts a firesale with its own stores.
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Comments (6)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Though the plan sounds enticing for investors, a fly in the ointment for fetching top dollar for real estate assets could be if J.C. Penney (JCP) starts a firesale with its own stores."

     

    Editor: This guy gets it.

     

    Words to the wise: "Montgomery Wards."

     

    I'm amazed JCP is still going. That takes real talent. But don't back them with your money--and don't back Sears.
    9 Jan 2013, 08:54 AM Reply Like
  • Micah
    , contributor
    Comments (478) | Send Message
     
    Example of a Sears real estate deal: http://goo.gl/2bjyM
    9 Jan 2013, 09:07 AM Reply Like
  • karlgraff
    , contributor
    Comments (3) | Send Message
     
    There is a plan beyond 5 years- but who knows if this company will ever generate sales again? Even with a 20% increase in online sales the company as a whole continues to lose sales $. There is very little left to cut in order to generate any kind of profit.
    9 Jan 2013, 09:12 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (6358) | Send Message
     
    Why would JCP start a fire sale? The company is spending billions to upgrade all the stores.
    9 Jan 2013, 11:48 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    Sears Holdings' letter to shareholders stated that they will be selling at least $500 million dollars of assets this year. The properties that will be sold JC Penney is probably a tenant of the property if anything.

     

    Let me say it again because the shorts like to keep this out - Sears Holdings is holding company with real estate that is second to none and they are redeveloping properties with their own real estate company.
    9 Jan 2013, 12:07 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    It is an obvious scenario with over a billion dollars worth of Sears common stock personally, Eddie Lampert must merge ESL Investments and Sears Holdings..

     

    It will benefit himself, the largest shareholder, and the rest of the shareholders.

     

    " I see Sears Holdings as a baby Berkshire Hathaway." - 2012 Bruce Berkowitz - Sears Holdings and Berkshire Hathaway share holder.
    10 Jan 2013, 08:25 AM Reply Like
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