Matson125

my guess is Fiserv

The only person's buying pattern you all should be concerned about is Eddie Lampert. Tell me when Eddie Lampert buys either the commons or preferred. Whatever he buys, sell everything you own and buy that.

Good point, RB. I would add that Buffett went to a local restaurant in Omaha and determined that folks were still using their AMEX card. Fast Forward today an investor would be able to track FB downloads on the Apple app store and Google play, in addition to any anecdotal evidence about family or friends deleting their FB. https://www.buzzfeed.com/alexkantrowitz/nothing-is-going-to-happen-to-facebook-or-mark-zuckerberg "And though users posted #DeleteFacebook en masse, Facebook actually rose to 8th place from 12th in the iOS mobile App Store since the day before the Cambridge Analytica news broke. It’s holding steady on Android, too. After examining whether first-time US installs of Facebook were dropping, Randy Nelson, head of mobile insights at app analytics company SensorTower, told BuzzFeed News: “The short answer is no.” App Store rankings don't directly reflect user numbers, but they're a good of indicator of interest." Also: https://www.appannie.com/en/apps/ios/top/united-states/overall/iphone/ https://www.appannie.com/en/apps/google-play/top/united-states/overall/ Good catch, Liberty.

Good point, RB. I would add that Buffett went to a local restaurant in Omaha and determined that folks were still using their AMEX card. Fast Forward today an investor would be able to track FB downloads on the Apple app store and Google play, in addition to any anecdotal evidence about family or friends deleting their FB.

Or, to take a page from Munger... a one legged man in an ass kicking contest :)

From the Vornado conference call held today: What made this deal unique is that we bought back the floor from Kmart who had 18 years remaining on their lease at $33.50 per square foot. This is the first deal we've done with Kmart and Kmart still has 82,000 square feet at 770 Broadway and 141,000 square feet at One Penn Plaza at the same low rents.

That's $1500 PSF to buy out a lease Well, the location of that store is absolutely incredible... The Kmart store occupies 150,000 sq ft. according to the Astor Place website http://astorplace.nyc/directory/kmart

"Vornado, meanwhile, recently paid roughly $46 million to Kmart – whose department store occupies about 30,000 square feet on the ground, mezzanine and lower-level of the building" https://therealdeal.com/2018/01/04/vornado-has-plans-to-clear-out-more-space-for-facebook-in-midtown-south-sources/

My opinion is that the latest round of issues-rats and norovirus were mostly felt within the investment community and not in the general public. I asked folks I knew who didn't follow CMG as an investment and none of them knew about either issues. I walked by a few locations at lunch immediately after the scare and the line ups were 2 dozen deep each time.

The properties are owned by Seritage and were sold to GGP.

Eddie spends so much time reassuring shareholders and employees that Sears has ample liquidity and will be fine long term. The amount of people that read his shareholder letters and blog posts pale in comparison to the readership of the New York Times. Eddie should have taken the interview and used it to plug the Shop your way mastercard that he complained the media wasn't talking about, or talked about the scale of the shop your way program and how much $ and how many points are redeemed monthly. Eddie wasted opportunity to steer the interview in the way that would give the read a sense that Sears wasn't dead just yet. Now the NYT readers will read that piece and continue to believe that Sears has one foot in the grave.

I find it interesting that Fairholme did not send an e-mail to their investors citing the New York times article as they have done in the past. I suspect that there may be more information and Fairholme didn't want to send weekly e-mails to their investors when they could combine the information into one.

South Coast Plaza buys back its Sears store for $187m http://www.ocregister.com/2017/07/23/south-coast-plaza-reportedly-buys-its-sears-store/

I'm interested to see if he adds here, considering Berkshire sold all of their WMT.

Things have really heated up since Berkowitz joined the board. Sears Holdings Announces Secured Line Of Credit Facility And Real Estate Transactions http://searsholdings.com/press-releases/pr/2049