This is the most comprehensive presentation on Sears’ real estate valuation that I’ve seen. The real estate for Sears alone is worth lots more than the current valuation for the entire company. The media has been misguiding investors by saying the real estate value won’t be realized. Infact the company has been working on ways to create value for shareholders for quite some time now.
I bought Sears a few weeks back. The shares have been on a tear this week. I will update my holdings this week, as there are quite a few changes.