We have been a big fan of Sears Holdings (SHLD) over the past year or so. Not for it's outstanding business plan or execution, but for the potential value of it's assets. Assets that are worth far more than the $4 billion the market is giving it. Here is a great read on some of the possibilities of the company.(HERE)
With Hedge Fund Manager Eddie Lampert taking over the helm of the company on Feb 1st, we feel the time for shareholders to be rewarded is coming soon. After hours yesterday, Eddie Lampert filed another form 4 showing another purchase of 1.2 million shares worth over $54 million. His personal stake in the company along with his hedge fund total more than 57% of the outstanding shares, or 62 million shares. That is the kind of stake that can make or break a fund, and with Eddie in charge, it would be very easy for him to 'make' it.
We are betting on this story going forward via March calls, and will be looking to add some April calls sometime in the next few days. We stick by our prediction that one day we will wake up, and Sears Holdings (SHLD) will be an $80 stock.