JJW

Numbers Check on Sears Holdings - It's Cheap

Look, I hear all the time how Sears is "undervalued," and I think it's a load of BS. Has anyone been in a Sears (or God forbid, a Kmart) lately? Probably not, because nobody shops there! If you actually do go in to one, they look drab and lifeless (Sears) or just plain dirty and run-down (Kmart). You'd have to pay me to get me interested in Kmart real estate. At least admit you'd have to subtract the cost of either gutting the building or razing it to the ground (for Kmart buildings, at least). Playing the "what could be" game is a wonderful way to lose money. Are you kidding about $196, btw? Sears was valued at that price for about 5 minutes in 2007, started dropping, and hasn't looked back. I doubt it'll start now.