Saks Inc (SKS) Investors Make Out Like Inept Bandits

The combined company could also create a real estate investment trust, using the flagship locations under its umbrella. Saks’ New York City flagship alone is valued at more than $800 million. So there’s plenty of room for investors to be hopeful about new real estate opportunities.

But what I think is the best bit of news is that Saks gets 40 days to seek better bids. If I were running the place, it would be selling chocolate and board games — oh, and I’d go look for a better company to join up with. Hudson’s Bay may be the best offer out there right now, but it’s simply uninspiring. Saks management can — and should — do better.

The article Saks Investors Make Out Like Inept Bandits originally appeared on Fool.com is written by Andrew Marder.

Fool contributor Andrew Marder has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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