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Sears Canada Inc SRSCQ

Sears Canada Inc. is a Canada-based independent Canadian digital and store-based retailer and technology company.


GREY:SRSCQ - Post by User

Post by extremeriskon Mar 04, 2017 5:05pm
194 Views
Post# 25932443

eaton centre lease worth more than whole company

eaton centre lease worth more than whole company400000 sq ft at $1 a sq foot for another 50 years that sears is using for office space is worth more than the 175 million market cap of company. Has drifted down as expected. Plan to start buying this week. Tricky as spread between bid and ask is wide and volumes low. Not sure who the sellers are at these extremely low valuation.
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