Sears Hometown and Outlet Stores is on track to be sold for $3.25 per share next month -- unless the sale falls through, in which case the business would probably be worth even less. So why are Sears Hometown shares trading for more than $3.25?
News & Analysis: Sears Hometown and Outlet Stores
After parting ways in 2012, Sears and the small-town Sears Hometown chain will be under one corporate roof again by the end of 2019.
Those stores finally showed some signs of recovery in the first half of fiscal 2018, but the recent bankruptcy filing may have undermined the momentum.
Let's hope he doesn't do to this spinoff what he's done to its former parent.
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Sears Hometown and Outlet Stores got spun off to create value for Sears Holdings shareholders. Find out how the spinoff has done compared to its former parent and retail giant Best Buy.
After almost doubling from its spinoff price, Sears Hometown and Outlets stock is back down to its entry level. In the meantime, the long-term appeal to the stock hasn't changed. Move beyond the name of the company and look at the underlying value.
The Sears spinoff took a major hit last week on the back of a dreadful earnings report. Here's why it might be a good buy.
Is this meaningful? Or just another movement?