The Case For Sears Holdings (SHLD) - Baker Street Capital (September 2013) Baker Street’s property-by-property real estate appraisal found that at least $7.3bn of value lies at the top 350 owned and 50 leased locations (p. 4) Real estate value is starting to be actively unlocked (p. 9) According to REITs and mall owners, demand … Continue reading The Curious Case of Sears Holdings
Tag: Berkowitz
Nugget: Bruce Berkowitz interview on Wells Fargo from 1992
Bruce Berkowitz’s interview with Outstanding Investor Digest from November 1992: The complete interview (pdf)
Bruce Berkowitz on Accounting for Debt
From a transcript of Bruce Berkowitz AAII presentation from June 1, 2011: It’s not easy; it’s a painful process. You climb this wall of worry eventually over a multi-year period. You get sharp drops like we had today in the market-place. You have to deal with this crazy accounting that companies have now. The companies … Continue reading Bruce Berkowitz on Accounting for Debt