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Sears Most Heavily Shorted Nasdaq 100 Stock/Fairholme

scott
edited March 2013 in Fund Discussions
http://www.forbes.com/sites/dividendchannel/2013/03/01/sears-holdings-becomes-1-most-shorted-nasdaq-100-component-replacing-sba-communications/?partner=yahootix

Short % of Float (as of Jan 31, 2013)3: 42.50%

Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Fairholme Fund 14,212,673 13.35 597,074,392 Nov 30, 2012

There was already a historic short squeeze in this stock last year after it was thought the company was in trouble and now it's down about 40% from the peak of that squeeze.

I think there's definitely value in the assets of Sears (not to the degree that Berkowitz does and I may absolutely be wrong), but I'm curious as to how the message is not getting across to those who hold (what I'm guessing at this point) probably near half the float short.

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