'Department
of Profit'
#5 - FD
(FEDERATED
DEPT STORE)
"This
thing's finally getting the respect it deserves.
FD owns Macy's, Bloomingdales, Lord & Taylor, Filenes, David's
Bridal and more.
This thing also has the backing of a real smart guy named Bill
Stiritz. He bought $20 million of the stock - he backed up
the truck. I think his 'mon-back is very significant
FD has the opportunity to turn a bunch of middle-of-the-road stores
they bought from May into high-end Macy's or Bloomingdales.
Next on my list: Another department store that could never be
mistaken as high-end, even by a blind man. My next pick is
far from luxury."
#6 - SHLD
(SEARS
HOLDINGS CORPORATION )
"SHLD is the U.S.'s third
largest broadline retailer.
The merger of
KMart and Sears became final on March 24, 2005. I bet they'll
be moved over to Sears when KMart is set.
SHLD is a
retailer that is more about real estate than it is about
retail. It's also a big turnaround story.
Bottom line!: If
you want traditional, easy-to-understand, high-end retail, you should
jump on the FD. If you want something quirky - something that
could make you a little mad money - you should take a look at the SHLD."
(Cramer's Charitable
Trust owns this stock)
