The stock is up 1,100% in less than four years.
How hedgie is Sears? For the third quarter, Sears' net income tripled, although its sales fell slightly. But half of what it made was due to derivatives ("total return sawps").
For the fourth quarter, Sears projects earnings of $4.87 to $5.39 a share, which was above Wall Street's forecast. But this time, their derivatives lost money, and the company booked some real estate profits. Once again, the details are murky.