Sears Holdings: Undervalued in Run-Off

By Matt James:The year of transformation for JC Penney (JCP) has come and gone. By most accounts, the road to department store reinvention has been a rocky one for JCP. Sales have dropped considerably the last three quarters on a year over year basis.

By Ry Frank:On February 21, 2012, Wal-Mart Stores (WMT) announced its 4th quarter and year end performance. Some analysts discredited Wal-Mart for shrinking net margins from the previous year, despite the company's year over year revenue increases and meeting EPS estimates. For long-term investors, Wal-Mart may still offer value.

By Qineqt:Sears Holdings Corporation (SHLD) is a department and discount store chain whose primary concern remains its profitability (driven by the top line), followed by liquidity. The company was able to reduce losses in its 2Q2012 results due to cost containing initiatives, but sales continued to decline.

By Stephen Rosenman:Make no mistake: Sears (SHLD) and J.C. Penney (JCP) act more like museums than retailers. They've become simply corridors to get to the rest of the mall. The tip off: The two can't unload their inventory. Goods move at a trickling pace and it's killing the bottom line.

By Shmulik Karpf:I first recommended to sell the shares of J.C. Penney (JCP) short on February 14th. This is what happened to the stock since we initially shorted it:We had a few arguments to back our short recommendation.Valuation

Dana Blankenhorn submits: Whenever I go shopping I look over at the nearest mall. In Atlanta, that's often a Simon Property Group (SPG) mall. What I usually see is an immense expanse of parking next to not very much.

Chad Brand submits: Long time readers of my blog know that for several years I was a long term investor in Kmart and then Sears Holdings (SHLD)

Longtime readers of this blog are familiar with my history with Sears Holdings (SHLD) and its predecessor, Kmart. A brief summary goes something like this.