It is pretty obvious to me and others that there is a ton of value in Sears Holdings ($SHLD). The issue with an investment in SHLD is that Eddie Lampert is asking you to jump in the pool with him and hold your breath for potentially a period of time of 10 to 20 years before he catalyzes the situation and allows you to come back to the surface. It could happen more quickly of course. Why would he show you his cards?
Most investors are not ready to wait that long...and Eddie is slowly stealing the company away from investors a la Michael Dell but in a more subtle way. He knows you can't hold you breath.
If you make the determination you can hold your breath for that long, by all mean, jump in the pool.
Written by Michael Bigger. Follow me on Twitter and StockTwits.