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Thursday, September 12, 2013

Baker Street Capital Presentation on Sears Holding Company

Baker Street Capital recently came out with a detailed presentation on why they think Sears Holding (NASDAQ: SHLD) is undervalued.  They make the case that the real estate SHLD holds is being massively undervalued by the market.  They think Sears trades for around 1/3 of its breakup value.  There has been some controversy about whether or not the values used are accurate or inflated.  Either way, it is worth going through.


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