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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (29038)11/19/2007 4:11:17 PM
From: Mark Marcellus  Read Replies (1) of 78666
 
They do own all of the real estate for its stores

Not exactly. They have a significant amount in Operating Leases - which means they sorta, kinda own it but it's off the balance sheet and not as liquid as straight ownership. This isn't unusual for a retailer, but it's something that should be kept in mind.

I wouldn't be surprised if Mr. Lampert makes a run for HD. I won't be happy about it, but I won't be surprised.
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