This is the perfect storm. People exited the trade after the deal didn't go through,and retail is struggling in general. Management was pressured to look at offers,and they definitely mishandled it,but their primary objective was never too sell,unless they were given an offer worth considering,which is probably in the $70 range. This sells below the value of their real estate,and even when it rebounds,it would be like getting the profitable retail ops for free. I don't think they need to sell their real estate,because then they pay rent,which hurts profits. They could sell a portion of it in order to pay down debt,and buy back stock,but only in locations that make financial sense to do so. Going to get to $65 in the next few years,count on it,and collect that dividend,which is probably safe for the foreseeable future. I don't care if it goes lower short term,as they will retire more shares via buybacks. $Kohl's(KSS)$