adesigar

Sears to close Sodo store, ending long run in historic building http://seattletimes.com/html/businesstechnology/2022962507_searslayoffsxml.html

Yup a lot of my friends and family have moved from away from using facebook to stay in touch and share pics/videos. We use whatsapp. We like the individual and group conversations we have, instead of dumping everything on one wall for everyone to see. I personally post and share very little on facebook primarily due to their policies and frequent changes to try and push people into sharing more with everyone. With Whatsapp I know exactly who sees my kids pics, not someones friends and friends of friends or some stranger just because someone hit like.

I would say it would be 3 for me. If previous quarters have no bearing on future ones we already have very little info to predict future earnings. The info/method that we did use to predict current quarter earnings was flawed since the company missed by 100%. Since the ability to predict forward EBITA/Earnings is gone as shown by the large miss we have to build in a higher margin of safety so the price must drop. The exception to this is if the miss is explained by 1 one time event and I mean a real one time event. Not the kind of one time event that some companies regularly have.

I don't have much to add to this discussion except. I tried to search a single thread (the SHLD one) with mixed results so what worked for me was. In google I use the following in the search field. <Words/Phrase searching for> <Thread Title> site:www.cornerofberkshireandfairfax.ca eg : "guarantor/non-guarantor structure" "SHLD-Sears" site:www.cornerofberkshireandfairfax.ca Limitations are 1. I don't think Google indexes COB&F often so latest posts don't come up but then again i am searching for older posts anyways. 2. Sometimes there will be a link to the thread you are searching for in a different thread that has the same Word Phrase but that's very very rare. Hope it helps people searching individual threads.

Small concept store closing http://www.chicagobusiness.com/article/20140214/NEWS07/140219828/sears-closes-craftsman-showroom-in-river-north

Isnt that obvious? Like what happened in Volkswagen. A margin call could turn a 5% exposure shorting Volkswagen into a 100% loss on the whole account. Personally I never use leverage/margin so its simple for me. I also don't think the person who started the thread was thinking about weighting using leverage.

Seems like on a 15/yr mortgage wells would just have to return 5% or so a year (dividends plus share appreciation) for him to be better off not touching his 401k? You also haven't given a lot of relevant info eg 1. How old is your friend decisions are different for a 20 year old vs 60year old. 2. Is the 20,420 account value or it what he will get after taxes and penalties? This is not advice its just an example of how I would think of this situation. Withdrawing 20,420 now will eliminate 22,000 in interest over how many years? say 10 years left on the mortgage(just a guess). Will the 20,420 in WFC stock with dividends reinvested for those 10 years be more than 42,420?

I don't get why weightings is complicated. Out of 100% of your portfolio how much are you allocating for each security? What has weighting of security in a portfolio got to do with capital at risk? From your example. I can have 10% in SHLD and 10% in BAC and that's my weighting. You can have 10% in SHLD/BAC + Puts at 26% or 10% of strike so your weighting is 12.6% for SHLD and 11% for BAC. My risk for both is I can lose 100% and your risk is you lose 26% and 11% so what. The question asked by the person who started this thread was "How you weight your holdings" ? 1. Equal weight like Mohnish Pabrai 2. Weight by relative Value or upside like Bruce Berkowitz 3. Weight by sector

My weighting is based on 1. What is the downside protection. 2. What I feel is the upside. I stay highly concentrated currently top 5 holdings are 92% of portfolio. Cant keep track of too many things. Current weighing is 27%, 26%, 20%, 11% & 9%.

Well if you have a lease on the store. You need to pay the lease till it expires. The annual loss from the store may be same as or less than the annual lease payment. Just a guess.