Bruce Berkowitz Presents the Bullish case for $SHLD


“Sears Holdings has over $20 billion of assets on our balance sheet. In some cases,
the fair market values of our assets are not reflected on the balance sheet due to
GAAP convention, such as the value of our owned real estate and many of our
below market leases. […] We have a portfolio of businesses and assets that
deserve to generate substantial value for our shareholders.”
– Edward S. Lampert, Chairman, February 23, 2012

Full presentation below in scribd:

Sears Bruce Berkowitz