September 2, 2008

On Sears

Two great articles were published this week on Sears Holdings (SHLD). The first one at Circle of Competence focuses on the fact that Sears has been engaging in a lot of stock buyback over the last quarter.

Todd Sullivan also points out that the company is reducing inventory, paying back debt, as well as buying back shares. Like a lot of retailers, a lot of patience will be required until gains are realized.

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