Parsad

You guys constantly amaze me! That's why this is the best value investing forum around...because of the brainiacs and relentless analysis by the board members. One or more of you has gotten the answer right. I won't say who, what, where or when, but I gave no clues and you guys figured it out. Nice...well done! Cheers!

So much for Bill's retirement! I guess he'll be back on our stage next year with the panel. ;D Cheers!

LOL! True. I think they will start popping out of the woodwork over time as well. Cheers!

Nice job Tom! Cheers!

What a dominating fight! I can't believe one of the judges had it as a draw. Boxing, the one place more corrupt than Wall Street! Cheers! Same guy who gave Bradley a win over Pacquiao. What a joke. Yup, same one. Lady judge sanctioned by the Nevada Boxing Commission as their representative judge for the fight. Cheers!

What a dominating fight! I can't believe one of the judges had it as a draw. Boxing, the one place more corrupt than Wall Street! Cheers!

It has been so far. Numbers wise, it is one of the biggest squeezes you will see based on shares short and actual available float. It's the main reason we jumped in with the LEAPs. This movement has been happening with no news other than an analyst report. Can you imagine what will happen if Sears actually makes some progress in a quarter? It's even much tighter than the Overstock squeeze, so any good news and this thing could prove to be a nightmare for the shorts. Cheers! This is the exact reason why I've believed the short interest discussion has been relevant for this message board (as well as Lampert and Berkowitz increasing their ownership concentration). Not sure if others still believe it's an irrelevant topic. Obviously short interest is not part of the investment thesis, but when a phenomenon is likely to happen it is important to at least discuss and monitor. I think short interest definitely matters if you are on the opposite side of the analysis. I've made considerable sums betting against shorts on several occasions, and that was because I felt their analysis was partly incorrect. Not completely incorrect, but often shorts are correct on one aspect of a troubled business, and like optimistic longs, they tend to negate the other side of the argument. But if you are long, it will never kill you and you'll go to zero if you are wrong. If you are short, it won't just kill you, but the squeeze will run right past zero and take everything you have except your life...and most wish it would take their life too! So in my opinion, short interest definitely matters in certain situations when the analysis may not be fully accurate. Think FFH, BH, BAC, OSTK and now SHLD. Cheers!

I am not selling a single share. It is amazing that the loan rate jumped from 15% to 42% in just one week. I would be very interested to hold on and see where the price goes next. The big boys are probably not buying at current price, but are not selling either. If price stays the same, short sellers will be impatient and cover slowly. So I think as long as there is no news, the tendency is up. It has been so far. Numbers wise, it is one of the biggest squeezes you will see based on shares short and actual available float. It's the main reason we jumped in with the LEAPs. This movement has been happening with no news other than an analyst report. Can you imagine what will happen if Sears actually makes some progress in a quarter? It's even much tighter than the Overstock squeeze, so any good news and this thing could prove to be a nightmare for the shorts. Cheers!

You want us to figure it out. Why else would you have posted this?! Yes, I do want you to figure it out...but I can't make it a "gimme". The only clue is that some of you are on the right track and some of you aren't. Cheers!

parsad, is it an idea where you are long or short? Short, it could be tesla. Long I have no idea, some hints? Market cap? Sector? Long. You guys are too smart. I start giving details and somebody on here will figure it out...guaranteed! Cheers!

I'm planning some consulting gigs, presentations and then I will write a book about the idea..."You're Welcome Planet Mars"...how one man's investment idea will save the entire solar system! But the numbers I'll present regarding the investment will run from the lowest price I bought at to some arbitrary point in time where the stock has done very well, and then I'll use some formula to extrapolate how my returns dwarf Warren Buffett's returns. Cheers!

Better safe than sorry! You can look like a cautious hero, or a foolish zero...which would you rather be? Cheers!

Actually, I'm not buying anything and it was just a way to get you guys to throw out ideas! Look at all those guesses! ::) No, just kidding. I am buying a lot of something. A real disconnect between economics and valuation...not speculative...not a 9-foot hurdle. Always amazing how these opportunities present themselves when you apply some patience...and in an era of overblown, overvalued assets out there. Cheers!

This guy takes it pretty hard to BH's CEO. Cheers! http://seekingalpha.com/article/1684632-sardar-biglari-devilishly-sidesteps-his-hotly-debated-compensation-scheme?source=yahoo

Nice job Darren! How did you pick the name Cheviot? Cheers!

It's not so much the government shutting them down, but saying that these entities as they are, are broken. We will move the assets and liabilities into a new entity, recap it with some taxpayer money, and it will take over...unfortunately, we will make the debt-holders whole, but not the common or preferred. What are the odds of that happening...you have to weigh that in your analysis and scenario for returns? And then how long do the lawsuits take before you are given restitution...if you win...2 years, 5 years, 10 years? Time value of money comes into play. I think this one is in the too hard pile, along with all my 9-foot hurdles...sometimes there are easier ways to make money over time. Cheers!

Can't comment. It will come out in due time...hopefully I'm right! ;D Cheers!

LOL! That's what nkp007 was referring to. Cheers!

That would be awesome! North-American and listed. Maybe! ;D Already almost 10%, but if it gets cheaper we may max out near the 25% self-imposed limit. Cheers!

Yes, I'm quite well-known as a stock-tease! LOL! Cheers!

I've Seen in the Last Three Years! Sorry, can't tell you, but I've got a crap load of cash I can put to work in this one. :o Cheers!

This doesn't account for any shorts that may have covered in the past 11 calendar days, but it is still interesting to see the short interest increase. I like that. The Credit Suisse report specifically recommends shorting the company. Hopefully, people are convinced that this is a slam dunk short and piled in to replace any shorts that covered. This is really weird. I have never seen a sell side analyst writing a report to specifically rebuttal a buy side report, and I have never seen a sell side report that recommends shorting a company. I think CS buy side may be doing some long/short strategy, like long Walmart/short Sears, and is getting burned, and they asked the sell side to help them out. We've seen it before. I remember when positive reports on FFH used to come out. There would be another negative one quickly thereafter to rebut. I remember Morgan Keegan's Gwynn putting out a rebuttal right after another analyst criticized their numbers for being off exponentially. Cheers!

I agree, but half an inch won't limit portability and will certainly make my eyes feel better after a day of reading on there! They pretty much have the smallest screen out there. How many people would switch over if they added even just half an inch? I don't know, but it would certainly stop me from contemplating any other phone. Cheers!

You need to spend some time watching the keynote. I watched CNET's live blog which was very good. I thought the food they provided the journalists was more creative than anything they showcased...take a look at CNET's pics. ;D http://live.cnet.com/Event/CNETs_Apple_Sept_10_event_live_blog?Page=0 Yes, they continue to refine the software and products, but they are only maintaining the moat, not widening it. Still plenty of evidence that under Cook, R&D is not pushing the boundaries. I expected more, and my expectations aren't very high! Cheers!

Sanjeev, What caused you to change your mind on Sears? Faster monetization of the real estate and faster closing of stores? Yup, especially when details of Seritage Realty Trust started to come out, and they announced the redevelopment plan of the store and property here in Burnaby. I realized Eddie was getting serious about liquidating or monetizing the real estate when you started to see these core properties in the news. I don't care about the retail business...they are a dying model that just keeps eating cash, but as long as he can get them to breakeven, we're good. But if they moved fast enough to monetize the other assets, and then redeploy those assets, then you've got the possibility of making this investment work. Combined with the doubling of the short position in the last four months, I figured now was a pretty good time to buy some SHLD or LEAPs. Cheers!