Eddie, throughout 2012, has been desperately trying to prove to Wall Street that Sears is not a "dead cat bouncing." But, rather, a sustained growth move to the upside.
Amazingly, so far in 2012, Chairman Eddie is seeing some success contrary to critics (including Think Billions). Sears stock is up an amazing 60% YTD this year.
The Wall Street Journal, always up for jumping on a stock bandwagon, is sending Chairman Eddie and Sears much financial love these days.
In a recent 'Behind the Tape' article ("Lampert Skeptics Could Get Seared" May 16, 2012), the WSJ brazenly lays out the undervalued case for Sears that even a Motley Fool subscriber could read and understand.
Calling Chairman Lampert "a master of financial engineering" our WSJ reporter applies some quick-and-dirty advanced math and accounting skills he picked up somewhere to arrive at a $8 billion value for Sears. Undervalued and under-appreciated. Bank it.
Again, our brazen WSJ reporter: the "good news at Sears can be particularly potent. Look out above."
It is just The Wall Street Journal doing a public service to short-sellers of SHLD recommending they immediately close out positions.
