You can read why it was clear that Sears was no AutoZone, here, here and especially here. (Just for fun, read some of the comments appended to each of those columns...it will refresh your memory as to the kind of dreams anxious shareholders kept clinging to, because they didn’t appreciate anyone raining on their parade one bit.)
In any case, finally, somebody has gone behind the curtain at Sears Holdings and revealed what was behind that curtain all along.
That somebody who went behind the curtain is Mina Kimes of Bloomberg, and the resulting story is so well done, and so compelling, you ought to stop reading this and starting reading that, which you can do here.
As they say, enough said.
Author “Warren Buffett’s Successor: Who It Is And Why It Matters”
(eBooks on Investing, 2013) $2.99 Kindle Version at Amazon.com
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