Cramer Doubts Lampert Would Buy Gap (GPS)

Commenting on renewed speculation that hedge fund guru and Chairman of Sears Holdings (Nasdaq: SHLD) Eddie Lampert may try to buy Gap Inc. (NYSE: GPS), Jim Cramer, at RealMoney.com said, "Eddie has poached the best people from Gap over the years. I doubt he would want to buy the company when he can buy the people." Cramer suggests the rumors are being floated by bears in Sears Holdings.

Shares of Gap are up 2.7% today after the rumors were discussed at industry publication, Women's Wear Daily (WWD.com).

Deutsche Bank Says $6B in Sears Holdings (SHLD) Value Could Be Unlocked

Sears Holdings Corporation (Nasdaq: SHLD) is higher this morning following a positive research report from Deutsche Bank examining the additional cash that could be generated by securitizing real estate and intellectual property assets.

Analyst William A Dreher said, "We believe there is potentially up to $6.0B in total value that could be unlocked. By leveraging chairman Eddie Lampert’s expertise in investing these proceeds, we see an additional $0.91-$7.88 to our core FY07 EPS estimate (retail only). By adding the incremental per share value to our current PT of $206, we arrive at an implied share price range of $220-$381. Reiterate BUY rating."

Shares of Sears Holdings are 3% higher to $177.50 in early action

DealScape Comments on Lampert Speculation

DealScape blog comments on the rampant speculation related to hedge fund guru and Chairman of Sears Holdings (Nasdaq: SHLD) Eddie Lampert's next move. The blog notes recent speculation that Lampert could buy Safeway Inc. (NYSE: SWY), Gap (NYSE: GPS), Home Depot (NYSE: HD) or Anheuser-Busch (NYSE: BUD).

The blog said a deal with BUD or SWY are the most absurd. The blog said GPS or HD are far better options.

Commenting on their own list of possible alternative targets for Lampert, the blog said Foot Locker (NYSE: FL) and Pier 1 (NYSE: PIR) would be the ones to watch.