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Sears' Value? Its Real Estate

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Although Sears Holdings Corp has taken its knocks, its worth may lay in hedge fund honcho Edward Lampert's ability to turn it around over time and the value of its real estate, according to an article in Barron's.

In its Oct. 22 issue, Barron's said the retailer's real estate has considerable value that is not reflected in the company's share price.

The stock closed at $130.89 on Friday.

Combined with the value of brands such as Kenmore and Craftsman, the company could have a liquidation value of more than $300 a share, Barron's said.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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