Portrait studio operator CPI Corp. (CPY -1.5%) says same-store holiday sales sank amid weakness...


Portrait studio operator CPI Corp. (CPY -1.5%) says same-store holiday sales sank amid weakness in its PictureMe Portrait Studio and Sears Portrait Studio brands. The company runs about 3,000 portrait photography studios, with most of its locations in Sears (SHLD -0.2%) and Wal-Mart (WMT -0.6%) stores.

Comments (3)
  • MSF INVESTMENTS
    , contributor
    Comments (5466) | Send Message
     
    Massive redemptions of Sears stock coming.

     

    Cramer said to buy it at $190.00.

     

    Lose Money with Jim Cramer.
    13 Jan 2012, 01:41 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (5466) | Send Message
     
    Massive redemptions at Lampert's hedge fund. He also bought Citigroup prior the massive financial sell off,,,,,,we should of known.

     

    Now he is buying Sears stock from the redemptions from his clients.

     

    Won't last long, after his buying is done look for the big drop.
    14 Jan 2012, 12:42 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (5466) | Send Message
     
    NOTE: If he had the stocks go in the open market the stock would of tanked but he bought it from the redemption so it did not look like he was selling the stock.
    If he was confident in the company he would of let it go into the market and then buy them at a discounted price but fearful of everyone else selling he used this strategy to not let the stock tank.
    15 Jan 2012, 11:32 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs