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Re: Sears/Kmart [message #54117 is a reply to message #54115] Sun, 21 November 2004 07:02 Go to previous message
Manualblock is currently offline  Manualblock
Messages: 4973
Registered: May 2009
Illuminati (13th Degree)
The wall street guys noticed about two years ago that the land upon which Sears operates their stores is owned by the company. The actual value of the land holdings is worth more than twice the value of the entire operation. That is what was wanted; the land. The stores are mostly in open sites with good parking and access. It was only a matter of time before they were bought out so the merger is a good idea for Sears.

 
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