What are the chances that Sears will rebound and make a serious comeback? Just inherited a little south of $100k, looking to invest around 80% cheaply but big ROI and the other 20% on a down payment for a house in Seattle.
0%.
they're done. the majority of Kmart/Sears value was in their retail leases and those are nearly worthless now.
Buy long straddle
They r done..
You should also invest in circuit city and borders
Eddie thought he could do the same thing with them that he did in Auto Parts. Boy he was wrong. He forgot that most people who shop department stores like clean places to go shop at (Target) I think the chances of turnaround went to 0% when he let Craftsman be sold. There are sooo many other good value plays out there with less risk.
... Sears is dead, but where is $20k going to be enough for a down payment in Seattle? I'd expect *much* more.
SFH near downtown for SO and baby on the way
OP Did you invest in sears? They r up 20% today on amazon news.... would still stay away long term........
As long as Eddie holds the strings, Sears will never recover. It might be too late, even if management changes hands.