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Despite what I just said -- isn't a result of jobless claims numbers say that they give the market a boost as part of the of the we're hanging on the -- -- from the morning's right now the Dow yesterday in an the second pilots have outlook for the near its stock -- Robert Gray is down there today is.
S&P winner and a loser the winner does seem to be serious here Robert.
Coming out plans to boost liquidity house the stock -- right now.
And Cheryl this is a classic short squeeze going on here as well a lot of people in betting against the stocks -- -- been falling every year since they've ever put.
Sears and Kmart together back in 2005.
That a 2.4 billion dollar loss last quarter the stock today.
Jumping because of the real estate play here he is gonna sell eleven.
Different Sears -- to General Growth Properties big mall operator and I think -- -- also gonna separate out there -- Sears hometown and outlets businesses.
-- it's -- those -- -- creates more value and they're gonna bring in about a billion dollars all told.
For the bottom line and we -- years has been struggling you know they were.
You know reports out there about CIT group by cutting off some of the financing for Sears.
I just a few weeks back -- -- -- -- looking to shore up the balance sheet here and also on a conference -- they say they weren't got they would not rule out other spin offs for spin outs from Sears Holdings so definitely a stock to keep an eye on.
Can -- the stock has doubled by the way just since the middle of December.
They had a very -- I think frankly 2000 it should have been good for them and it was not and we've seen that the stock decline over the last year's Robert let me also ask you about Safeway.
Up profits were a problem for them what happens you know revenue actually jumping up at Safeway.
Profits are being cut the margins getting squeezed are being heard of course I have -- to discount.
Some of their items there and in shoppers.
Feeling the heat we've been talking about the high gasoline prices and that certainly being borne out in a lot of consumer oriented earnings report.
They -- no exception revenue jumping up part of that story is at some of their locations actually sell gasoline.
-- gasoline and of course the price going up the revenues coming -- but it's a low margin business shall not helping the bottom line and in shoppers just not spending as much on the grocery items.
-- -- have bought back coming up later on and is now Robert great thank you very much appreciate it Europe.
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