fxtrader07

Sears Faces Risk If Economy Doesn't Improve

bankruptcy is ruled out for shld. however, Lampert might be forced to sell the assets rather quickly now. if you liquidate the entire company, even in todays market environment you will get substantially more than the current $80/share. however, pure liquidation was not Lampert's objective and was certainly not see as the value maximizing option. But it served and serves as a sort of back-up.
That being said I won't invest in shld even though it trades way below liquidation value. Lampert has proved to have no clue of how to run a retailing company not to speak of turning around one. chances are he continues to burn more cash and sink more money . Of course, very smart guys like bruce berkowitz from fairholme make the case for sears that you get eddie lampert essentially for free when you buy sears. However, I do not appreciate a guy like Lampert - so i do not want the fellow even for free