With its stock down nearly 14% on Friday in response to poor earnings, it looks like a lot of investors threw in the towel on Sears Holdings (OTC:SHLDQ) last week -- but not Fool contributor Rich Smith.

He threw in the towel on this stock five years ago, when the company had a chance to remake itself as the Made in the U.S.A. store -- and blew it. Now Wal-Mart's (NYSE:WMT) stolen a march on Sears and promised to put $50 billion worth of American-made goods on its shelves over the next 10 years.

For Sears, this looks like the final blow, but it all started with a blown opportunity.