Sears plunges more than 15%

Sears (SHLD) is amazingly still one of the hottest stocks of 2012. Shares are up nearly 55% year-to-date. But the retailer's stock plunged more than 15% Friday after the Kmart owner reported another massive loss and a decline in sales.

The company has been in turnaround mode for years. But it has two things in its favor that has kept the company from becoming as much of a mess as fellow retailer JC Penney (JCP): big investments in valuable real estate and hedge fund manager Eddie Lampert.

Some short sellers have been wary of ganging up on Sears too much -- despite poor fundamentals -- because Lampert has often squeezed them by increasing his stake in the company through his various holding companies.

That's why some investors on StockTwits still think Sears might be a decent bet.

Read Full Article from CNNMoney

- Posted: 2012-11-16 15:00:33

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