+1.
Above $10 by 12/31
It is more than a retail play, it's also a real estate play.
And how much real restate do they have already? The past time I looked at their assets it wasn't high enough for an asset play. Especially since they continually rack up major losses each quarter, their total assets are plummeting along with it.
Eta: Just looked up their numbers. 2.32b in total equity compared to 2.5b market cap. Their total equity shrunk from 3.6b to 2.3 in the last 5 quarters. They lost in the past 3 quarters alone nearly 1.5b.
With little positive upside and a lot of downside risk, I see no reason to invest in them unless you see a soon buyout/takeover as highly probable.