Parsad Posted January 24, 2011 Share Posted January 24, 2011 Boys, some of my best thinking goes on in there. My legs go numb due to my reading newspapers and 10-K's in there! ;D Thus the reason I don't get an iPad. I wouldn't want to take it in there. And Bronco, you take your iPhone in there with you? Really...really? Cheers! Link to comment Share on other sites More sharing options...
PLynchJr Posted January 24, 2011 Share Posted January 24, 2011 Huh? The iPad was made for toilet use baby! ;D Link to comment Share on other sites More sharing options...
Myth465 Posted January 24, 2011 Share Posted January 24, 2011 Going forward this thread will not be read in the morning or immediately after lunch. ;D Link to comment Share on other sites More sharing options...
biaggio Posted February 8, 2011 Share Posted February 8, 2011 "Sears Holdings Corporation submitted an application under Rule 24b-2 requesting confidential treatment for information it excluded from the Exhibits to a Form 8-K filed on January 21, 2011." -filing with SEC Does anyone know what these are? Link to comment Share on other sites More sharing options...
zarley Posted February 8, 2011 Share Posted February 8, 2011 "Sears Holdings Corporation submitted an application under Rule 24b-2 requesting confidential treatment for information it excluded from the Exhibits to a Form 8-K filed on January 21, 2011." -filing with SEC Does anyone know what these are? From what I've seen, SHLD has redacted some counter-party information in a filing regarding new letters of credit with Wells Fargo. Filing here: http://www.rocketfinancial.com/FetchDoc.aspx?id=12212206&fid=3076289 I can't say I know the details, but Rule 24b-2 is related to investment mangers 13F filings. I'm guessing the counter-party wanted confidentiality until they filed their own 13F. At some point, I guess we'll know who it is. Perhaps Fairholme or ESL. Link to comment Share on other sites More sharing options...
biaggio Posted February 8, 2011 Share Posted February 8, 2011 Thanks Zarley Link to comment Share on other sites More sharing options...
mevsemt Posted February 15, 2011 Share Posted February 15, 2011 ESL just disclosed they own 5.8% of Gap Inc. Is there any chance this could be related to the 2 CT Orders that Sears has filed in the last couple of months or am I way off base? Link to comment Share on other sites More sharing options...
rogermunibond Posted February 15, 2011 Share Posted February 15, 2011 ESL just disclosed they own 5.8% of Gap Inc. Is there any chance this could be related to the 2 CT Orders that Sears has filed in the last couple of months or am I way off base? I don't think it's likely. Probably Eddies just likes the value proposition of GPS, similar to Autozone or AutoNation. GPS has a market cap of $13+B and SHLD is is $9.7B. I don't think any kind of acquisition is possible. Link to comment Share on other sites More sharing options...
mevsemt Posted February 15, 2011 Share Posted February 15, 2011 You're probably right... although the situation feels somewhat similar the Kmart/Sears merger... (Kmart had a smaller market cap vs. Sears I think [but not positive], ESL had a controlling stake in Kmart and a low teens stake in Sears]. Anyway, it's just food for thought - like everyone else I really no idea what will happen in the Lampert/Sears saga (if anything at all). Link to comment Share on other sites More sharing options...
Guest Bronco Posted February 15, 2011 Share Posted February 15, 2011 SHLD and BH are similar in that they are 1) two of the more controversial stocks/businesses and 2) have very colorful, enigmatic leaders with past stories of success that people want to translate to future success. I have no idea what SHLD will do in the future. Is .com the savior? Is Sears Canada a hidden gem? Will the real estate division EVER play out? Will shop in shop work for them? Does Kmart FCF justify an investment in SHLD? Nothing really sticks out to me as ONE reason to invest, other than maybe Lampert. Will this goose lay a golden egg, or a steamy turd? Link to comment Share on other sites More sharing options...
benhacker Posted February 16, 2011 Share Posted February 16, 2011 What Valuegeek said... I threw up a little in my mouth at the comparison however superficially it was intended. No offense to you Bronco, I doubt you meant it the way it came across, but we should never stray real records of value creation that have stood the test of time with the questionable actions of Mr. Biglari despite how nice his record appears today (and it does look good). Eddie does at SHLD what Sardar said he would do... profit with shareholders, not off of them. Ben Link to comment Share on other sites More sharing options...
rogermunibond Posted February 16, 2011 Share Posted February 16, 2011 Eddie does at SHLD what Sardar said he would do... profit with shareholders, not off of them. Very true. Eddie takes $0 in paid compensation as Chairman of Sears Holdings. Link to comment Share on other sites More sharing options...
Guest Bronco Posted February 16, 2011 Share Posted February 16, 2011 How can Eddie have had a 23 year record at sears? I didn't think anyone is wowed by shld's numbers Link to comment Share on other sites More sharing options...
EdWatchesBoxing Posted February 16, 2011 Share Posted February 16, 2011 How is Sears a controversial business? Did they start selling porn or something? Just read the PR about the BH reverse split. Biglari may be good at investing, but his ego seems to lead him to do silly things, like stupid tender offers that people probably laugh off. At least Lampert pulled off some big stuff using Kmart to acquire Sears. As others have said, Lampert does not use SHLD to pay himself. He keeps his hedge fund compensation in his hedge fund. Link to comment Share on other sites More sharing options...
Myth465 Posted February 16, 2011 Share Posted February 16, 2011 eddie has doubled his investors' money over 7X in a row over the last 23 years (roughly 24% compounded and 14,000% cumulative). sardar has done two silly reverse stock splits in the last year. I agree with point 1). But on point 2), there is simply no comparison between Eddie and Sardar. Honestly I think some on this board are part of the problem. This guy gets way too much press. Link to comment Share on other sites More sharing options...
Guest Bronco Posted February 16, 2011 Share Posted February 16, 2011 Holy crap this thread is getting annoying. Shld isn't a controversial stock? It's one of the biggest love hate stocks I follow Link to comment Share on other sites More sharing options...
biaggio Posted February 16, 2011 Share Posted February 16, 2011 . This guy gets way too much press. Myth, are you talking about Biglari? Link to comment Share on other sites More sharing options...
Myth465 Posted February 16, 2011 Share Posted February 16, 2011 . This guy gets way too much press. Myth, are you talking about Biglari? Yes he is mentioned in every other thread. Top Managers Best Value Investors Takeover Targets Acquires Owner Manager Threads Next Buffett ---- There are at least 2 dozen guys with better records over much longer periods of time. He has done decent things for a young guy, but why does he warrant this much press and discussion and comparison. At least Kobe and Lebron were worthy of being compared to Buffett. What has this guy really done that entitles him to be compared to the greatest investor and second best capital allocator in modern finance? Link to comment Share on other sites More sharing options...
txlaw Posted February 16, 2011 Share Posted February 16, 2011 Myth, you're totally right. Forget Biglari. He's old news. Let's pay attention to the folks we admire and make some money. Link to comment Share on other sites More sharing options...
Liberty Posted February 16, 2011 Share Posted February 16, 2011 What has this guy really done that entitles him to be compared to the greatest investor and second best capital allocator in modern finance? Just curious. Who's the #1 capital allocator in your opinion? Link to comment Share on other sites More sharing options...
vinod1 Posted February 16, 2011 Share Posted February 16, 2011 Henry Singleton? Link to comment Share on other sites More sharing options...
Myth465 Posted February 17, 2011 Share Posted February 17, 2011 Henry Singleton? Yep I am halfway through the book. I believe Buffett considers him #1 and its hard to argue with that guy. Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2011 Share Posted February 17, 2011 Henry Singleton? Yep I am halfway through the book. I believe Buffett considers him #1 and its hard to argue with that guy. myth, what book is that? Link to comment Share on other sites More sharing options...
Myth465 Posted February 17, 2011 Share Posted February 17, 2011 http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBIQFjAA&url=http%3A%2F%2Fwww.amazon.com%2FDistant-Force-Teledyne-Corporation-Created%2Fdp%2F097913630X&ei=yWZcTcjpAY6ctweCtLmCDA&usg=AFQjCNHzc_fqgmhH-pMYWG_zYxAj7PvWXQ&sig2=uoXkb_mKTG3Em1C8OA9CGA Amazon.com: Distant Force: A Memoir of the Teledyne Corporation Biglari has read the book and references it interestingly enough. Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2011 Share Posted February 17, 2011 thanks, man. appreciate it! :) Link to comment Share on other sites More sharing options...
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