Berkowitz Compares Sears (SHLD) to Apple; Says Stock is Cheap

Article Stock Quotes (1) Comments (0)

In a CNBC interview on Strategy Session with David Faber, Bruce Berkowitz of Fairholme Capital discusses his large investment in Sears Holdings Corporation (Nasdaq: SHLD).

Berkowitz compares Sears to Apple years ago, noting that after a few great ideas they developed into a much different company. He said Sears has that capability, with Chairman Eddie Lampert throwing many ideas against the wall. If one of those ideas sticks, Berkowitz says, Sears is a different company.

Berkowitz also said the liquidation value of Sears is above the current share price.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Shares of Sony (SNE) Spike; Considers Spinning Entertainment Arm
• Sears Recognizes Consumer Cellular for Outstanding Performance in Consumer Electronics Category
• Lands' End Reveals What Women Want in a Swimsuit

Create E-mail Alert Related Categories

Hedge Funds, Trader Talk

Related Entities

Edward Lampert, RBS Partners, ESL Investments, David Faber, Fairholme Capital Management, Bruce Berkowitz

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?