fareastwarriors Posted January 9, 2014 Share Posted January 9, 2014 http://seekingalpha.com/article/1937011-sears-holdings-a-turnaround-is-unlikely?source=cnbc Sears Holdings: A Turnaround Is Unlikely Link to comment Share on other sites More sharing options...
peridotcapital Posted January 9, 2014 Share Posted January 9, 2014 This is evidently what a real EL blog post looks like: http://blog.searsholdings.com/eddie-lampert/what-our-reported-financial-results-dont-clearly-show/ Link to comment Share on other sites More sharing options...
krazeenyc Posted January 9, 2014 Share Posted January 9, 2014 http://searsholdings.mediaroom.com/index.php?s=16310&item=137261 http://blog.searsholdings.com/eddie-lampert/what-our-reported-financial-results-dont-clearly-show/ Link to comment Share on other sites More sharing options...
BTShine Posted January 9, 2014 Share Posted January 9, 2014 This report is horrible. Wow. http://searsholdings.mediaroom.com/index.php?s=16310&item=137261 Link to comment Share on other sites More sharing options...
plato1976 Posted January 9, 2014 Share Posted January 9, 2014 Now I look like a fool b/c I bought at $49 cheers ! ouch, down 15% in aftermarket! Link to comment Share on other sites More sharing options...
DCG Posted January 9, 2014 Share Posted January 9, 2014 I guess I don't understand why after 9 years of Lampert repeatedly proving he has absolutely no idea how to run a retailer, people continue to think there might be some kind of turnaround on the way and pile into the stock. I get the real estate value argument, but Lampert has no idea what to do with that either. Link to comment Share on other sites More sharing options...
Kraven Posted January 9, 2014 Share Posted January 9, 2014 There is good news here. A number of board members posting in this thread just a couple months ago lamented the fact that the stock had run up and if they only had the chance to buy around $40 they'd back up the truck. The Wizard of Sears has granted your wish. Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 9, 2014 Share Posted January 9, 2014 Now I look like a fool b/c I bought at $49 cheers ! ouch, down 15% in aftermarket! Time to average down! Link to comment Share on other sites More sharing options...
plato1976 Posted January 9, 2014 Share Posted January 9, 2014 If anyone wants a catalyst on this, we got one now The crashing of SHLD 's retail business is *the* catalyst now - they have to react Now I look like a fool b/c I bought at $49 cheers ! ouch, down 15% in aftermarket! Time to average down! Link to comment Share on other sites More sharing options...
alertmeipp Posted January 9, 2014 Author Share Posted January 9, 2014 wow, i guess i am going to kiss my calls good bye. thats quick write off. the most worrisome is the focus of the pr is no worries, we got more cash to burn. if you are burning all this cash, at least tell us when he roi will come. Link to comment Share on other sites More sharing options...
alertmeipp Posted January 9, 2014 Author Share Posted January 9, 2014 doesnt look like he will give up yet tho. If anyone wants a catalyst on this, we got one now The crashing of SHLD 's retail business is *the* catalyst now - they have to react Now I look like a fool b/c I bought at $49 cheers ! ouch, down 15% in aftermarket! Time to average down! Link to comment Share on other sites More sharing options...
plato1976 Posted January 9, 2014 Share Posted January 9, 2014 they probably don't have time they probably don't have time to slowly liquidate, yet a quick liquidation is not a choice doesnt look like he will give up yet tho. If anyone wants a catalyst on this, we got one now The crashing of SHLD 's retail business is *the* catalyst now - they have to react Now I look like a fool b/c I bought at $49 cheers ! ouch, down 15% in aftermarket! Time to average down! Link to comment Share on other sites More sharing options...
sampr01 Posted January 9, 2014 Share Posted January 9, 2014 Did any one notice that " Sears will have a conference/Analyst call on Feb 27th" Link to comment Share on other sites More sharing options...
krazeenyc Posted January 9, 2014 Share Posted January 9, 2014 Where are the losses coming from??? Has to be cleared out inventory right at cheap prices? or something non-cash. Cash end of Q3 was $600 Mill + $450 anticipated from Canadian sales Cash 1/4/2014 is $1000 Mill + $300 anticipated from Canadian Sales. Cash Availibity from borrowings: Revolver in Q3 - $1000 mill availability Domestic + 725 million + $340 Commercial Paper Revolver in Q4 - $1.8 mill availability Domestic + 500 milloin + $494 commercial paper so + 980 in cash for the quarter? minus what in net inventory? Link to comment Share on other sites More sharing options...
peridotcapital Posted January 9, 2014 Share Posted January 9, 2014 I guess I don't understand why after 9 years of Lampert repeatedly proving he has absolutely no idea how to run a retailer, people continue to think there might be some kind of turnaround on the way and pile into the stock. I get the real estate value argument, but Lampert has no idea what to do with that either. Exactly. Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 9, 2014 Share Posted January 9, 2014 Now I look like a fool b/c I bought at $49 cheers ! ouch, down 15% in aftermarket! Time to average down! lol. that comes up about every 5 pages on this thread. :) Link to comment Share on other sites More sharing options...
merkhet Posted January 9, 2014 Share Posted January 9, 2014 Has Sears previously provided updates on quarters like this? I know they did in October -- but prior to that, did Sears provide these updates? It's curious that ESL is doing that. Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 9, 2014 Share Posted January 9, 2014 wait a sec. didn't somebody just report they saw lots of people around the registers looking engaged and asking Lots of questions about SYW? ??? Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 9, 2014 Share Posted January 9, 2014 Has Sears previously provided updates on quarters like this? I know they did in October -- but prior to that, did Sears provide these updates? It's curious that ESL is doing that. it's another ESL mystery, no doubt bullish. Link to comment Share on other sites More sharing options...
Kraven Posted January 9, 2014 Share Posted January 9, 2014 wait a sec. didn't somebody just report they saw lots of people around the registers looking engaged and asking Lots of questions about SYW? ??? No, I think they were asking for directions which can be broken down into 3 categories: (i) where is the bathroom, (ii) how do I get into the main mall and (iii) where is the food court? Link to comment Share on other sites More sharing options...
merkhet Posted January 9, 2014 Share Posted January 9, 2014 Has Sears previously provided updates on quarters like this? I know they did in October -- but prior to that, did Sears provide these updates? It's curious that ESL is doing that. it's another ESL mystery, no doubt bullish. The sarcasm is strong in this one -- but seriously though, I can't recall this happening before. Link to comment Share on other sites More sharing options...
BTShine Posted January 9, 2014 Share Posted January 9, 2014 wait a sec. didn't somebody just report they saw lots of people around the registers looking engaged and asking Lots of questions about SYW? ??? I did! Clearly not representative of the whole company. I'll take the blame on that one. Sorry. Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 9, 2014 Share Posted January 9, 2014 Has Sears previously provided updates on quarters like this? I know they did in October -- but prior to that, did Sears provide these updates? It's curious that ESL is doing that. it's another ESL mystery, no doubt bullish. The sarcasm is strong in this one -- but seriously though, I can't recall this happening before. really it doesn't matter. he is a disaster. the company is a disaster. his motivations here are not to create value. Link to comment Share on other sites More sharing options...
Guest wellmont Posted January 9, 2014 Share Posted January 9, 2014 wait a sec. didn't somebody just report they saw lots of people around the registers looking engaged and asking Lots of questions about SYW? ??? I did! Clearly not representative of the whole company. I'll take the blame on that one. Sorry. lesson: less anecdotes. more 10qs. Link to comment Share on other sites More sharing options...
muscleman Posted January 9, 2014 Share Posted January 9, 2014 Where are the losses coming from??? Has to be cleared out inventory right at cheap prices? or something non-cash. Cash end of Q3 was $600 Mill + $450 anticipated from Canadian sales Cash 1/4/2014 is $1000 Mill + $300 anticipated from Canadian Sales. Cash Availibity from borrowings: Revolver in Q3 - $1000 mill availability Domestic + 725 million + $340 Commercial Paper Revolver in Q4 - $1.8 mill availability Domestic + 500 milloin + $494 commercial paper so + 980 in cash for the quarter? minus what in net inventory? The loss is adjusted loss, so I bet it doesn't include non-cash numbers. I am quite surprised that this could happen in a Q4 Link to comment Share on other sites More sharing options...
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