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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (11174)	11/18/2000 1:03:48 PM
From: Ryan Hess	Read Replies (2) \| Respond to of 78648

Sears has been discussed here before. There is an article in the latest Forbes titled "The Harder Side of Sears" in November 13, 2000 issue. One of the most interesting parts I found was on page 287 where they showed Sears leasing 50 million square feet for $10 / square foot -- when mall property is going for about $108 / square foot. Some of these leases are as long as 20 years out. Other discussion was on them getting rid of apparel and also their focus on their "Great Indoors" business (which seems risky to me from the standpoint of macro economic risk). Not a lot of people purchase $18,000 kitchens when the economy is slowing do they? Or do people do that instead of upgrading their home? Ryan