Luke 532 Posted November 14, 2013 Share Posted November 14, 2013 Looks like Ubiquity is making progress. This article out today... https://www.datacenterknowledge.com/archives/2013/11/14/ubiquity-will-convert-sears-auto-centers-data-centers/ Quick excerpt: Ubiquity Critical Environments, the data center unit of Sears Holdings, plans to build a national chain of IT facilities by converting dozens of Sears Auto Center stores into data centers. It is partnering with Schneider Electric, a leading provider of data center equipment and services, to build and operate a fleet of mission-critical facilities in at least 23 markets around the country. Link to comment Share on other sites More sharing options...
Luke 532 Posted November 15, 2013 Share Posted November 15, 2013 Fairholme/Berkowitz added about 365,000 shares in Q3 (from 20,393,000 to 20,758,000)... an increase of a little under 2%. http://www.sec.gov/Archives/edgar/data/1056831/000091957413006704/xslForm13F_X01/infotable.xml Francis Chou also added in Q3... first time in awhile. He increased his share count by 17% since last quarter... now 803,000 shares up from 683,000. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted November 15, 2013 Share Posted November 15, 2013 Fairholme/Berkowitz added about 365,000 shares in Q3 (from 20,393,000 to 20,758,000)... an increase of a little under 2%. http://www.sec.gov/Archives/edgar/data/1056831/000091957413006704/xslForm13F_X01/infotable.xml Francis Chou also added in Q3... first time in awhile. He increased his share count by 17% since last quarter... now 803,000 shares up from 683,000. Fairholme sold ~1% of the BAC and AIG stash but bought more SHLD. Interesting. Link to comment Share on other sites More sharing options...
texual Posted November 15, 2013 Share Posted November 15, 2013 ESL owns less GAP, less Autonation, and less SHOS. Same SHLD holdings. Link to comment Share on other sites More sharing options...
FCharlie Posted November 15, 2013 Share Posted November 15, 2013 With the new filing today from Berkowitz, I've updated his last few years of historical SHLD ownership. Aug 2010: 14,037,171 Nov 2010: 14,661,671 Feb 2011: 14,917,873 May 2011: 16,313,973 Aug 2011: 16,380,680 Nov 2011: 16,270,692 Feb 2012: 16,108,492 May 2012: 16,813,480 Aug 2012: 16,829,880 Nov 2012: 16,934,080 Feb 2013: 18,146,573 May 2013: 19,508,773 Aug 2013: 20, 392,973 Nov 2013: 20,758,173 Link to comment Share on other sites More sharing options...
20ppy Posted November 15, 2013 Share Posted November 15, 2013 http://finance.yahoo.com/news/sears-unit-terminates-lease-contracts-225005039.html "Following the closure of these 5 stores the company will operate 111 full-line department stores across Canada" I hope people realize that a few stores' proceeds are a third of the whole market cap, unless the remaining stores are worthless... regardless, these are good moves in my view. Link to comment Share on other sites More sharing options...
merkhet Posted November 15, 2013 Share Posted November 15, 2013 There seems to have been some significant movement in the ownership of the shares -- can someone with access to a Bloomberg provide some updated ownership numbers? This is what I currently have... https://docs.google.com/spreadsheet/pub?key=0ArX667iB-WCRdFZRMEl4T29EQnRmUTZueE1XY09nSWc&single=true&gid=0&output=html Link to comment Share on other sites More sharing options...
Guest hellsten Posted November 15, 2013 Share Posted November 15, 2013 http://www.fool.com/investing/general/2013/11/04/sears-holdings-more-value-unlocking-transactions.aspx Interestingly, the managing director of Imperial Capital LLC suggested a valuation of as much as $1.7 billion to Bloomberg for Lands End. Recently Rue21 was taken private for 10.9 times EBITDA. Baker Street provided a mid-point valuation of around $1.4 billion for the division. The auto center has little in the way of comparable stocks, but Monro Muffler Brake Inc. (NASDAQ: MNRO) does provide an interesting comparison. That company is currently valued at $1.5 billion with revenue growing double digits at around $200 million a quarter. Monro Muffler operates a similar 940 stores to SAC and sits near multi-year highs. The probability and valuation of Monro suggests now might be an opportune time to separate auto centers. The lack of national brands for auto repairs and the huge success of auto parts stocks suggest the potential to unlock a national brand. Worth noting was the recently reported 6% decline for tire related revenue backing up the move to position SAC away from that service offering. Link to comment Share on other sites More sharing options...
tng Posted November 15, 2013 Share Posted November 15, 2013 Fairholme/Berkowitz added about 365,000 shares in Q3 (from 20,393,000 to 20,758,000)... an increase of a little under 2%. http://www.sec.gov/Archives/edgar/data/1056831/000091957413006704/xslForm13F_X01/infotable.xml Francis Chou also added in Q3... first time in awhile. He increased his share count by 17% since last quarter... now 803,000 shares up from 683,000. Fairholme sold ~1% of the BAC and AIG stash but bought more SHLD. Interesting. I guess it is not too surprising when BAC and AIG hit new multi-year highs and SHLD dropped by about 1/3 from it's highs from Q2 down to below $40. Now that SHLD is back up to $65, I wonder if Berkowitz flipped the other way again. It is nice to get a sense of Berkowitz's relative valuation between BAC and AIG vs SHLD and when he is willing to swap between them. Link to comment Share on other sites More sharing options...
FCharlie Posted November 15, 2013 Share Posted November 15, 2013 Fairholme/Berkowitz added about 365,000 shares in Q3 (from 20,393,000 to 20,758,000)... an increase of a little under 2%. http://www.sec.gov/Archives/edgar/data/1056831/000091957413006704/xslForm13F_X01/infotable.xml Francis Chou also added in Q3... first time in awhile. He increased his share count by 17% since last quarter... now 803,000 shares up from 683,000. Fairholme sold ~1% of the BAC and AIG stash but bought more SHLD. Interesting. I guess it is not too surprising when BAC and AIG hit new multi-year highs and SHLD dropped by about 1/3 from it's highs from Q2 down to below $40. Now that SHLD is back up to $65, I wonder if Berkowitz flipped the other way again. It is nice to get a sense of Berkowitz's relative valuation between BAC and AIG vs SHLD and when he is willing to swap between them. Berkowitz does a lot of tax related moving around of his core holdings. The moves in BAC and AIG are insignificant really.....Let's just say he's still huge into BAC, AIG, and SHLD and showing no sign of losing his conviction in any of them. Link to comment Share on other sites More sharing options...
Guest ajc Posted November 15, 2013 Share Posted November 15, 2013 I am a little concerned that this isn't a great deal. See this article - "Sears Canada Swaps Properties for Loonies" (http://wallstcheatsheet.com/stocks/sears-canada-swaps-properties-for-loonies.html/?ref=YF). Looks like Sears gave up some good real estate and all they got back were some crazy people. I'm not sure why you're concerned...? How did they get crazy people back? Looks like they sold for good money. Because: loon·y or loon·ey also lun·y (ln) Informal adj. loon·i·er also lun·i·er, loon·i·est also lun·i·est 1. Extremely foolish or silly. 2. Crazy; insane. n. pl. loon·ies also loon·eys or lun·ies A foolish or crazy person. and, The Canadian one dollar coin, commonly called the Loonie, is a gold-coloured one-dollar coin introduced in 1987. Link to comment Share on other sites More sharing options...
crumlee Posted November 18, 2013 Share Posted November 18, 2013 More "off beat" commercials for Kmart (and SYW): Link to comment Share on other sites More sharing options...
BTShine Posted November 19, 2013 Share Posted November 19, 2013 I am a little concerned that this isn't a great deal. See this article - "Sears Canada Swaps Properties for Loonies" (http://wallstcheatsheet.com/stocks/sears-canada-swaps-properties-for-loonies.html/?ref=YF). Looks like Sears gave up some good real estate and all they got back were some crazy people. I'm not sure why you're concerned...? How did they get crazy people back? Looks like they sold for good money. Because: loon·y or loon·ey also lun·y (ln) Informal adj. loon·i·er also lun·i·er, loon·i·est also lun·i·est 1. Extremely foolish or silly. 2. Crazy; insane. n. pl. loon·ies also loon·eys or lun·ies A foolish or crazy person. and, The Canadian one dollar coin, commonly called the Loonie, is a gold-coloured one-dollar coin introduced in 1987. You were joking, gotcha. Cheers Link to comment Share on other sites More sharing options...
heth247 Posted November 19, 2013 Share Posted November 19, 2013 More "off beat" commercials for Kmart (and SYW): That's a funny one, does get a good laugh out of me! Link to comment Share on other sites More sharing options...
Luke 532 Posted November 20, 2013 Share Posted November 20, 2013 With the Sears Canada dividend it looks like Sears Holdings will get roughly $250M due to their stake in the company. Link to comment Share on other sites More sharing options...
muscleman Posted November 20, 2013 Share Posted November 20, 2013 With the Sears Canada dividend it looks like Sears Holdings will get roughly $250M due to their stake in the company. Too bad that I missed the boat for SCC. I think if we were to play the real estate thesis, probably SCC should have been a better bet earlier this year than SHLD. Just my personal memorandum. :( Link to comment Share on other sites More sharing options...
jeffmori7 Posted November 20, 2013 Share Posted November 20, 2013 With the Sears Canada dividend it looks like Sears Holdings will get roughly $250M due to their stake in the company. Too bad that I missed the boat for SCC. I think if we were to play the real estate thesis, probably SCC should have been a better bet earlier this year than SHLD. Just my personal memorandum. :( I know what you mean...I was close to buy Sears Canada at 9 too...at least, it is good for SHLD and Lampert, who own most of Sears Canada anyway... Link to comment Share on other sites More sharing options...
dcollon Posted November 20, 2013 Share Posted November 20, 2013 Sears Holdings Corp.(SHLD-US) Schedules Bank of America-Merrill Lynch Leveraged Finance Conference December 3, 2013 4:50 PM ET Might be an interesting presentation Link to comment Share on other sites More sharing options...
BTShine Posted November 20, 2013 Share Posted November 20, 2013 Sears Holdings Corp.(SHLD-US) Schedules Bank of America-Merrill Lynch Leveraged Finance Conference December 3, 2013 4:50 PM ET Might be an interesting presentation Where did you find that information? Any info on how we could access it (conference call, open to investors, etc.)? Link to comment Share on other sites More sharing options...
dcollon Posted November 20, 2013 Share Posted November 20, 2013 BTShine, The news item was on FactSet. I will do a little work and see what I can find out. Link to comment Share on other sites More sharing options...
dcollon Posted November 20, 2013 Share Posted November 20, 2013 BTShine, The Merrill conference is in Boca Raton, FL and unfortunately as of right now, the Sears presentation isn't set to be webcast. Maybe if you call the company they will change that part. ;) Or you could head to Boca (which would be pretty nice) and attend the conference in person (12/2-12/4). Link to comment Share on other sites More sharing options...
zippy1 Posted November 21, 2013 Share Posted November 21, 2013 Q3 earning out http://finance.yahoo.com/news/sears-holdings-reports-third-quarter-110000865.html HOFFMAN ESTATES, Ill., Nov. 21, 2013 /PRNewswire/ -- Sears Holdings Corporation (SHLD) today announced financial results for its third quarter ended November 2, 2013. Net loss attributable to Holdings' shareholders was $534 million, or $5.03 loss per diluted share, compared to $498 million, or $4.70 loss per diluted share, in the prior year quarter. Adjusted EBITDA was $(286) million for the third quarter of 2013, which was within the range of our previous guidance from October 29, compared to $(172) million in the prior year quarter. Link to comment Share on other sites More sharing options...
merkhet Posted November 21, 2013 Share Posted November 21, 2013 My best guess is that they've spent about $210 million on SYW points so far this year. That's a significant portion of the EBITDA loss of $349 million YTD. I'm very curious about the $2 billion of liquidity they've raised given their original target of $500 million... Link to comment Share on other sites More sharing options...
jeffmori7 Posted November 21, 2013 Share Posted November 21, 2013 Someone has seen anything positive here? If it wasn't for Sears Canada, the transformation is still going too slowly..they are burning a lot of cash! Link to comment Share on other sites More sharing options...
ourkid8 Posted November 21, 2013 Share Posted November 21, 2013 That's my concern as the cash burn rate is increasing! I recently sold my remaining position at $64 and bought significantly in BAC leaps (Thanks Eric!) Tks, S Someone has seen anything positive here? If it wasn't for Sears Canada, the transformation is still going too slowly..they are burning a lot of cash! Link to comment Share on other sites More sharing options...
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