Guest Bronco Posted April 23, 2011 Share Posted April 23, 2011 Schin-pad, nothing you said would compel me to buy this stock at over $80. If Eddie can't find better uses of capital than Sears at 80, I can. However, I will continue to follow this story as I find it interesting. We have bought some recent appliances from sears, and were happy. We recently bought a washer and dryer from Jr Richard-prices were competitive. I think if sears wants to do well in the future it will focus on things you can't buy on the Internet. Link to comment Share on other sites More sharing options...
schin Posted April 23, 2011 Share Posted April 23, 2011 Schin-pad, nothing you said would compel me to buy this stock at over $80. If Eddie can't find better uses of capital than Sears at 80, I can. However, I will continue to follow this story as I find it interesting. We have bought some recent appliances from sears, and were happy. We recently bought a washer and dryer from Jr Richard-prices were competitive. I think if sears wants to do well in the future it will focus on things you can't buy on the Internet. Bronco - Full disclosure, I do own SHLD. But, I agree with you $80 with this amount of uncertainty is not necessarily a table pounder. $60 it becomes compelling, but definitely something I'm not nibbling or buying right now. Given that WEB mentioned that the housing market would not fully recover for another 2-3 years, I'll like to stick around and see what ESL performs in a good market with people buying appliances. Link to comment Share on other sites More sharing options...
Guest Bronco Posted April 24, 2011 Share Posted April 24, 2011 Full disclosure as well, I had some naked puts at 65 on sears which I have covered (sold at 800 - 1000) and bought in the 5-6 range. However, my heart had enough of the roller coaster. I closed those puts and sold some Microsofts at 20. No profit on those yet Link to comment Share on other sites More sharing options...
biaggio Posted May 19, 2011 Share Posted May 19, 2011 http://www.searsholdings.com/invest/ Sears Holdings Reports First Quarter Results Consistent With Previously Provided Guidance May 19, 2011 HOFFMAN ESTATES, Ill., May 19, 2011 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our" or the "Company") (NASDAQ: SHLD) today reported its first quarter 2011 results. In summary, we reported: Net loss attributable to Holdings' shareholders for the quarter of $170 million, or $1.58 per diluted share, in 2011, compared to net income of $16 million, or $0.14 per diluted share, in 2010; Adjusted loss per diluted share for the first quarter of $1.39 in 2011 and adjusted earnings per diluted share of $0.16 in 2010; and Adjusted EBITDA for the quarter of $63 million ($78 million domestic and $(15) million at Sears Canada) in 2011 and $304 million in 2010. These results were within our previously announced range of net loss attributable to Holdings' shareholders of between $145 million and $195 million, or between $1.35 and $1.81 per diluted share and Adjusted EBITDA of $25 million to $105 million. Link to comment Share on other sites More sharing options...
link01 Posted May 19, 2011 Share Posted May 19, 2011 http://www.searsholdings.com/invest/ Sears Holdings Reports First Quarter Results Consistent With Previously Provided Guidance May 19, 2011 HOFFMAN ESTATES, Ill., May 19, 2011 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our" or the "Company") (NASDAQ: SHLD) today reported its first quarter 2011 results. In summary, we reported: Net loss attributable to Holdings' shareholders for the quarter of $170 million, or $1.58 per diluted share, in 2011, compared to net income of $16 million, or $0.14 per diluted share, in 2010; Adjusted loss per diluted share for the first quarter of $1.39 in 2011 and adjusted earnings per diluted share of $0.16 in 2010; and Adjusted EBITDA for the quarter of $63 million ($78 million domestic and $(15) million at Sears Canada) in 2011 and $304 million in 2010. These results were within our previously announced range of net loss attributable to Holdings' shareholders of between $145 million and $195 million, or between $1.35 and $1.81 per diluted share and Adjusted EBITDA of $25 million to $105 million. those are some ugly no.'s, no 2 ways about it. even more so on a relative basis compared to avg retailer results since the 2008 trough. Link to comment Share on other sites More sharing options...
biaggio Posted May 19, 2011 Share Posted May 19, 2011 this may be a lesson for me in the pitfall of investing in a value play based on a sum of parts. I think I may have heard of a similar warning from Seth Klarman in a lecture to UWO business students (I maybe should have listened more). I reviewed my written reasons for investing in SHLD (I believe the various idea is mentioned throughout this thread by others). I am going to be patient with a fairly small allotment. Link to comment Share on other sites More sharing options...
biaggio Posted May 19, 2011 Share Posted May 19, 2011 http://www.gurufocus.com/StockBuy.php?symbol=SHLD&rec=1 B. Berkowitz increased his holdings by 9% around $80. CEO also bought around this price. How would retail + specifically act in a deflation scenerio mentioned in other threads? Link to comment Share on other sites More sharing options...
ShahKhezri Posted June 4, 2011 Share Posted June 4, 2011 Sign of things to come? http://www.reuters.com/article/2011/06/02/sears-idUSN0226864620110602?feedType=RSS&feedName=cyclicalConsumerGoodsSector&rpc=43 Link to comment Share on other sites More sharing options...
biaggio Posted June 4, 2011 Share Posted June 4, 2011 Sign of things to come? http://www.reuters.com/article/2011/06/02/sears-idUSN0226864620110602?feedType=RSS&feedName=cyclicalConsumerGoodsSector&rpc=43 Would be consistent with a investment thesis put forth here earlier: run off retail operation, keep brands (lands end, Diehard, Sears Canada, etc +/- internet retail), sell off real estate, use excess cash to buy back shares Link to comment Share on other sites More sharing options...
mevsemt Posted August 31, 2011 Share Posted August 31, 2011 Orchard Supply spinoff... now Craftsman in Costco. Are things about to get interesting? http://www.chicagotribune.com/business/ct-biz-0831-sears-costco-20110831,0,1284253.story Link to comment Share on other sites More sharing options...
Myth465 Posted August 31, 2011 Share Posted August 31, 2011 Not to me, sears has been the most boring company to watch. Link to comment Share on other sites More sharing options...
Parsad Posted August 31, 2011 Share Posted August 31, 2011 Orchard Supply spinoff... now Craftsman in Costco. Are things about to get interesting? http://www.chicagotribune.com/business/ct-biz-0831-sears-costco-20110831,0,1284253.story I think that is definitely a step in the right direction. It's not going to solve everything, but selling some of their core brands through other distributors is the right thing to do. They should start selling Kenmore through there too! It's funny, I mentioned this in the discussion we had about value traps two weeks ago: http://www.cornerofberkshireandfairfax.ca/forum/index.php?action=profile;u=1;area=showposts;start=90 They've spent $1.6B over the last three years on capex, so if he's not pouring it into the stores, where is it going? Sears Canada was better off than Sears USA, but it is going to run up against stiff competiton for the forseeable future. Buying Sears Canada may prove to be a poor decision, when that cash could have been invested elsewhere. Instead, they're burning through the cash in Sears Canada too! Revenues keep dropping, shareholder equity keeps dropping, debt has increased dramatically...slow burn! My opinion remains: Pour money into investment ideas or other businesses; runoff the underperforming stores; sell off properties in bulk as values stabilize or start to increase; license core brands to other retailers (Craftsmen, Kenmore, etc); eliminate paper catalog business and move everything online; decrease store footprint and reduce number of inventory items; reduce operating expenses to the bone. Cheers! Hopefully they make some other big changes. Cheers! Link to comment Share on other sites More sharing options...
mevsemt Posted August 31, 2011 Share Posted August 31, 2011 Well I hope you're right... btw the new CFO seems to be a change-type guy... http://en.wikipedia.org/wiki/Robert_Schriesheim I don't think Eddie would've hired him (and I don't think Schriesheim would've accepted the offer) unless some sort of transformation was on the horizon... Link to comment Share on other sites More sharing options...
mevsemt Posted September 15, 2011 Share Posted September 15, 2011 Kenmore at Costco? http://online.wsj.com/article/SB10001424053111903927204576570981187148462.html?ru=yahoo&mod=yahoo_hs I'm long SHLD, so maybe I've got rose-colored glasses on, but IF (big IF) SHLD is going to go through some form of transformation, isn't this how it would likely start (Diehard licensing, Craftsman at Costco, Orchard Supply spin-off, Kenmore [maybe] at Costco)? BTW here's my basic SHLD thesis if you're interested: http://mevsemt.blogspot.com/2010/11/transaction-alert-sears-holdings-2013.html Link to comment Share on other sites More sharing options...
biaggio Posted September 22, 2011 Share Posted September 22, 2011 Maybe another step in the right direction Sears Sells Self As Place For Other Retailers To Set Up Shop --Sears has signed deals with Western Athletic Clubs Inc. and Gonzalez Grocery Store to lease space --Retailer is making hundreds of thousands of square feet available --Company aims to add more retailers (Updates paragraphs two through seven with information about the deals Sears signed with health club and grocery store and the closing of several golf shops.) NEW YORK (Dow Jones)--Sears Holdings Corp. (SHLD), whose sprawling stores are laden with extra space, is aggressively marketing itself as the place for other retailers to set up shop. Sears, through its real estate arm, has listed on its website nearly 4,000 namesake ... http://online.wsj.com/article/0,,BT-CO-20110922-711872,00.html?mod=wsjportfolio Link to comment Share on other sites More sharing options...
biaggio Posted September 29, 2011 Share Posted September 29, 2011 2 more announcements today DieHard®, America's Most Trusted and Recognized Auto Battery, Now Available at 194 Meijer Stores http://www.prnewswire.com/news-releases/diehard-americas-most-trusted-and-recognized-auto-battery-now-available-at-194-meijer-stores-130770598.html Sears, Kmart subleasing space in 28 St. Louis properties http://www.bizjournals.com/stlouis/news/2011/09/28/sears-kmart-subleasing-space-in-28.html?ana=yfcpc Link to comment Share on other sites More sharing options...
mevsemt Posted September 29, 2011 Share Posted September 29, 2011 They didn't actually sublease the properties in St. Louis, rather they made them available for sublease. In fact, they've made about 3,800 properties available (http://blogs.barrons.com/stockstowatchtoday/2011/09/27/sears-jumps-is-eddie-lampert-turning-it-into-a-real-estate-company/?mod=yahoobarrons). It's interesting, if they had done this in 2006 the market would've gone nuts and you'd have had a $250 stock price (IMO). Today however, the market just yawns and the stock stays in the $50's. Link to comment Share on other sites More sharing options...
biaggio Posted October 4, 2011 Share Posted October 4, 2011 what's up today? Up 12 % at lunch time Link to comment Share on other sites More sharing options...
Matson125 Posted October 4, 2011 Share Posted October 4, 2011 shhhhhhhhhhhhhhhhhh don't jinx it! LoL ;D Link to comment Share on other sites More sharing options...
mevsemt Posted October 4, 2011 Share Posted October 4, 2011 ixnay on the allyray! Link to comment Share on other sites More sharing options...
Evolveus Posted October 4, 2011 Share Posted October 4, 2011 I think with the shrinking share count, small float and the huge short positions we will continue to see big moves in the stock. I have noticed a few high single digit moves lately. Granted the whole market is pretty volatile, but SHLD is bouncing around alot. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted October 5, 2011 Share Posted October 5, 2011 I think with the shrinking share count, small float and the huge short positions we will continue to see big moves in the stock. I have noticed a few high single digit moves lately. Granted the whole market is pretty volatile, but SHLD is bouncing around alot. What's funny is this is EXACTLY what Berkowitz said would happen. It hasn't played all the way out yet but a few more moves like today could send this stock towards $90. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted January 24, 2012 Share Posted January 24, 2012 It looks like the SHLD bonds may be the next big bargain in the retail space... http://blogs.wsj.com/marketbeat/2012/01/24/shorting-sears-stock-too-hard-try-shorting-the-bonds/ http://s.wsj.net/public/resources/images/OB-RN035_searsh_K_20120124122649.jpg Essentially, traders are moving on to Plan B by attacking the corporate bonds because shorting the equity isn’t a plausible scenario. Sears shares have surged 64% off the Jan. 9 bottom. For 2012 they are up 53% and are the top dog in the S&P 500. Despite the rally, there are still huge bearish bets being taken against the company. More from Data Explorers: The loans in the corporate bond have increased 8X as of mid December. It seems that people are still bearish on Sears despite the price rise of 60+% and have gone the route of shorting the bond as a way to make bearish bets on the company. Link to comment Share on other sites More sharing options...
texual Posted February 1, 2012 Share Posted February 1, 2012 "Sears remains a large position in all our funds, notwithstanding announcements in late December of falling sales and margins, rising expenses, and write-downs. Investors fled with this New Year's greeting before Chairman Lampert purchased over $150 million of common for his personal account. For many reasons, including management, we continue to believe the assets of this iconic brand to be a multiple of values implied by its current stock market price and continue to see the beginning of a new Berkshire hathaway." - Bruce Berkowitz, 2011 end of year letter to shareholders of Fairholme Link to comment Share on other sites More sharing options...
Myth465 Posted February 2, 2012 Share Posted February 2, 2012 I dont blame Bruce for holding. He probably knows what the master plan is... If only the other shareholders did as well... Link to comment Share on other sites More sharing options...
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