That's right, a buy on Kmart. The 'buy' rating reflects [Kmart's] asset values we believe provide support for the stock at this level. Combined with strong positive cash flow, this implies the stock is undervalued.

That's right, a buy on Kmart, ... The 'buy' rating reflects [Kmart's] asset values we believe provide support for the stock at this level. Combined with strong positive cash flow, this implies the stock is undervalued.

It wasn't a landslide. Our view is the majority of students support the values of the university and they don't believe the (campus cable network) should be a forum for airing pornographic material.

At first glance, this seems like a strange deal as investors in Sears Holdings are looking for cash generation, not new investments.

The two weak links in the store are apparel and consumer electronics. One could have had a nice nap in the consumer electronics section given the light traffic. Conversely, appliances were buzzing.

We're looking for expenses that are coming in line and gross margins that are working, and that's what we saw. These results give us more confidence that Sears can continue to improve earnings in 2006.