IB Net Payout Yields Model

Get More From Sears Holdings: Part III - Spin-Offs

This is the third part of a series on Sears Holdings (SHLD) with the focus of this part on the pending spin-offs of the Sears Hometown and Outlet Stores (SHOS) and Sears Canada (SCC.TO).

One of the opportunities of creating value for the Sears shareholders is to unload some of the assets buried on the balance sheet. How many investors that owned the stock last year even knew about the Orchard Supply Hardware Stores (OSH) stores or these spin-off properties? All of these assets have been buried and under appreciated for a long time.

As mentioned, this is the third part of a series. Previously, the first part focused on the highlights of Q2 earnings while the second part focused on the case study prepared by Bruce Berkowitz and Fairholme Funds.

Read the full article at Seeking Alpha.

Disclosure: Long SHLD. Please review the disclaimer page for more details. 


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