Sears Holdings Corp (NASDAQ:SHLD)

Making negative money in a bad industry.

Lampert has started to implement his plan. Sears is drowning in its own pool. Rightfully so imho. Most of revenue comes from west coast. They shouldve cut back on east coast stores long ago. Or at least find out why east coast people didnt shop there and be proactive. Feel that this is just a toy for Lampert. Makes himself richer by buying and selling, riding the highs and los. Management at the store level is a joke in most cases. Employees are ineffective. Lots of micromanagement. Heard they have the "you are always replaceable" attitude. No care for employees = employees dont care either. Horribly ran company, retail wise, employee wise, horrifically managed. But good stock action. Lol. People whom follow this, follow Lampert, possibly trade often with accounts to back it up, or believes unicorns ARE a real life creature.

An unfortunate demise for this once proud brand, their retail business for both KMart and Sears is a complete mess. The best thing I can see happening to SHLD is to spinoff the few remaining pieces of value. Craftsman and Kenmore could generate some interest, but there is little else left for the scavengers to pick at.

Berkowitz likes it

Technically and fundamentally bad right now.

unjustified pop about to happen

I hate where the market is at right now. But I did find some insider buying on this one on Jan 9th, and it seems substantial. Testing this on CAPS, but wouldn't bite in real life.

I owned K-Mart when the employees stole the company from the owners. Playing a shell game with buckets of money is not the right long-term strategy for any company.
K-Mart's "Thank You" campaign for people paying off others' Layaways seemed like shameless fraudulence (I would love to find out I'm wrong on that!).

SHLD is Eddie Lampert's Waterloo.

Ask yourself, what intangible assets and goodwill does Sears have that's worth $3.6 billion? Perhaps, the new CEO Eddie Lampert can borrow debt and buyback stock to prop up his EPS like he does with Autozone, but, then again, with Sears there are no earnings. When interest rates rise, both companies will declare bankruptcy.

If you need some time to yourself, just go into a Sears. You usually find more salespeople than shoppers. I actually like to shop there. You can find good quality items like Lands End and Kenmore that seem to be perpetually on sale. It is a great store for bargain shoppers, but a terrible business given their earnings and margins.

Losing money. Sold profitable stores.

Real estate leverage, the REIT valuation will more than double the market cap of Sears.

2013 TP $20

Value stock, the land under their stores is good enough for me, Eddie can find ways to turn that land into revenue in the long run. Good value. Ignore the Crowd.

I know that I've been here before, but I'm back. Here's Bruce Berkowitz's latest thoughts on Sears:

"Lately you've begun talking about the real estate value of Sears, which accounts for 10% of your fund.
The value of Sears (SHLD) [which trades near $60] would be over $160 a share if the land on the books was fully valued. You can look back at recent transactions and ask a question: How can Sears close stores and generate hundreds of millions of dollars of cash? It gets at the inventory. The liquidation value of its inventory approaches its stock price. Forget the real estate.
You make Sears sound like a liquidation play, not a retail recovery.
The retail recovery is a potential upside. Regardless, you'll see gigantic cash flows from the closing of locations, the pulling-out of the cash from inventory, work in process, and distribution centers. They're not idiots when it comes to real estate. They understand that today's standalone store can be tomorrow's multi-use hotel/residential-retail center. I think Eddie Lampert will end up being one of a few unbelievable case studies on what it means to be a long-term investor."

Deej

lampert is smart guy..
But he has toomuch on plate..
Only one way out ..sell stores(real estate)
Problem, investors know that and will not payup for propertys..Big boxs wont rent ..leaves land
facing obama .. land hard to sell..Too bad, Tony

Forgot how awful this company is, should have put out an underperform call on it ages ago! Recent delisting from S&P 500, though ostensibly not for performance reasons, is still a sign of its growing irrelevance, though mainly a reflection of poor management *ahem* Eddie Lampert *ahem*.

Kmarts are dirty, poorly lit, disorganized stores. Can't find prices or an employee who wants to help you. Walmart and Target provide much better shopping experiences, better products, & better selection.

The only thing good about a Sears store is the Craftsman tools. The rest of the store is depressing and a reminder of uninspiring department stores of the 80's.