Out of all the stocks I follow, Sears Holdings Corporation (SHLD) has received by far the most negative and sour treatment. People have even claimed that bankruptcy is a certain destination for Sears. Feeling that sentiment can’t get much worse and that Sears and its leader Eddie Lampert are sorely misunderstood, I finally bought some shares of SHLD yesterday.
Great investors like Bruce Berkowitz of Fairholme, Bill Ackman of Pershing Square Capital Management, and Bill Miller of Legg Mason have all been invested in Sears for some time. Eddie Lampert is also a substantial shareholder, controlling just under 50% of shares.
But aside from following the lead of great investors, Sears is undervalued for two main reasons: its real estate and brands. If you’d like a more substantial explanation of why Sears is a great investment, just take a look at all of the posts on ValuePlays about Sears.
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