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The trouble stems from Sears [SHLD
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]. Shares of this stock plunged last week after the retailer posted an unexpected loss.
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Housing woes really weighed on Sears, the home of Craftsman tools and Kenmore appliances. But if the economy is taking a turn for the better and Sears really is where America shops, is the stock a buy on the pullback?
That depends. According to Jon Najarian Sears is a turnaround play that’s well positioned with Eddie Lampert at its helm. He likes the stock in the mid-$50's
But Pete Najarian is pinching his nose because he thinks Sears stinks! With consumers staying away, he thinks the stock has nowhere to go but down.
It’s enough to bring brothers to blows. What do you think? We want to know!
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Trader disclosure: On Aug 24th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (C) Calls; Najarian Owns (FCX), Is Short (FCX) Calls, Owns (FCX) Puts; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Calls; Najarian Owns (V) & Short (V) Calls; Najarian Owns (YHOO) Call Spread; Terranova Owns (AMZN), (MSFT), (WFT), (BTU), (MA), (SHLD); Terranova Is Short (KBH); Terranova Works For (VRTS); J. Najarian Owns (AMD), (AAPL), (BX), (DRY), (LDK), (NTRS), (NUE), (FRE), (FNM), (NVLS); J. Najarian Owns (BAC) Preferred; Cortes Owns (SPX); Cortes Is Short Nasdaq 100; Cortes Owns (GS)
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