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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (20025)11/5/2004 9:59:06 AM
From: E_K_S  Read Replies (1) of 78632
 
It looks like Vornado Realty Trust recognized the value in Sear's real estate. Stock up 21% on VNO (http://www.investors.com/breakingnews.asp?journalid=23857400&brk=1) buying a 4.5% interest in the company. Perhaps it's a play similar to K-Mart and Sears will spin off it's real estate holdings into a separate company or subsidiary.

ABS and JCP are two other companies that have similar hidden real estate values buried in their books.

EKS
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