Alaska

Value Investing in Sears: Avoid Current Perceptions & Look Forward

Here in Anchorage, I drive past Sears every day on the main Highway. Very few cars are ever in their parking lot. When there is it is because they rent the parking lot out for "Used Car Sales Extravaganza", or to fairground rides like ferris wheels. North in Wasilla it is even worse. I doubt I have ever seen more than 12 cars in the parking lot at once, and that would include the employee vehicles. Across the Parks Highway is a WalMart, and its parking lot is nearly full. Not much return on what the retail locations are worth. I never understood how combining two losers, K mart and Sears, would make a winner. As for your analogy, it is not rational read.