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The Company is a broadline retailer. It currently conducts its operations in three business segments: Kmart, Sears Domestic and Sears Canada.
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likestofocus (< 20) Submitted: 2/20/08 6:04 AM : Start Price: $96.00 SHLD Score: -6.20
"When you mix raisins with turds, you've still got turds." Charlie MungerEddie is great, but SHLD is not. Terrible inventory control. Prices are higher then Target and Kohls, but stores are much uglier and sloppier. Also lacking Costco's warehouse atmosphere.Eddie's a real bright guy and I agree that you can boost profits with declining same store sales if you boost the margins and reduce costs. Wish he would do something with the cash flow besides buy back SHLD's stock. Why not invest in a greatly undervalued company, or in a troubled financial company the way LUK recently did?If all you are going to do is buy back stock, why morph into a holding company?If SHLD starts to do something with its cash besides buy back stock in a POS retailer, I'll get interested. Otherwise I'll stick to BRK.b, LUK, and MKL.
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JDSancho (94.38) Submitted: 4/24/08 11:43 AM
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I think you're 100% correct. I'm still holding my SHLD because I think Mr. Lampert has gotten to where he is for a reason...maybe he has a master plan that will turn things around. Perhaps that plan is going to take a long time, but I'm willing to wait. I wouldn't fault anyone who isn't though. I think the stocks you pointed out are great (smart) alternatives.
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kristm (99.77) Submitted: 6/12/08 7:11 PM
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"I'm still holding my SHLD because I think Mr. Lampert has gotten to where he is for a reason..."Yes but that reason wasn't necessarily for taking care of investors and employees. He's successful because he takes care of himself first, like most people. I don't have any issue with that - just keep in mind that Eddie Lampert is taking care of Eddie Lampert before he's taking care of you. He's not exactly benevolent.
BTShine (92.80) Submitted: 6/25/08 2:05 PM
One incentive for Eddie to continue buying stock is to get his ownership stake to over 50% of SHLD, which will lock in his control of the company. He may lose out on other opportunities for the time being, but it's worth it when taking everything into account.
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