Seeking Alpha

Sears Holdings in focus

  • Sears Holdings (SHLD) has sold close to a dozen of its most profitable stores in the U.S. and Canada as it looks to unlock value for shareholders, according to the WSJ.
  • The company maintains the upfront cash payment outweighs the loss of operating income.
  • Wall Street is divided on the Sears strategy. Some analysts see a windfall for investors, while others think selling too many profitable stores leaves the company in trouble.
Comments (12)
  • Patent News
    , contributor
    Comments (1312) | Send Message
     
    what will they do with cash
    9 Oct 2013, 07:00 AM Reply Like
  • rube123
    , contributor
    Comments (800) | Send Message
     
    so far eddie has a boat and some Rolex's he are trying to sell

     

    I wonder how the online will do against amazon and alibaba

     

    he could always meet his pension obligation, that should cover what he is getting fairly easy, and still need some
    9 Oct 2013, 11:52 AM Reply Like
  • mlcglobal
    , contributor
    Comments (24) | Send Message
     
    Credit Swiss trolling again.
    9 Oct 2013, 07:19 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8167) | Send Message
     
    THIS is when Lampert should have started buybacks...not 2005-2007!
    9 Oct 2013, 08:25 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4032) | Send Message
     
    They are closing stores that are non profitable and not good for their retail or redevelopment plans.
    9 Oct 2013, 09:21 AM Reply Like
  • rube123
    , contributor
    Comments (800) | Send Message
     
    have you seem your buddies at Barron's latest article....

     

    they even mention your buddies at Baker at end of page 2....

     

    http://on.barrons.com/...

     

    great article............ LMAO
    12 Oct 2013, 10:31 AM Reply Like
  • rube123
    , contributor
    Comments (800) | Send Message
     
    Sears is closing the profitable stores, they need the cash

     

    eddies buddy Crammer got it right this morning when he said

     

    " eddie is selling good investments (AZO, AN) to fund bad "

     

    http://on.wsj.com/1gqnhDk

     

    looks like fast eddies world is collapsing around him

     

    wont be long and he will be selling SHLD again

     

    look at 09/30/2012 and today

     

    http://bit.ly/1gqnjex;filter=
    9 Oct 2013, 11:42 AM Reply Like
  • Bishop Research and Analytics
    , contributor
    Comments (88) | Send Message
     
    The WSJ piece was only a recap of recent events and did not shed any new light on the subject. It looks like Gary Balter could have written the article. Basically, it sums up everything he has been saying for the last several years.

     

    SHLD shares look ready for a pullback.
    9 Oct 2013, 05:19 PM Reply Like
  • rube123
    , contributor
    Comments (800) | Send Message
     
    what is the subject
    even his buddy Crammer says he sold the best, and kept the rest
    of course Crammer was referring to AZO, AN.
    but the same logic applies with the stores
    Eddie has produced NO RESULTS in 8 years

     

    he has effectively dismantled the retail , and its employees

     

    actually it was written by Suzanne Kapner

     

    the article states

     

    Sears Holdings Corp. has been selling off some of its best stores to raise cash, an unusual strategy that makes it harder for the struggling chain to improve its sales even as it helps shore up its financial position.

     

    when the best are sold, and you still run negative, what is the future
    are the worst to be the anchor for SHLD

     

    at some point the best will be gone,
    although they have some great properties, the BULK are not.

     

    and the Debt continues to climb
    10 Oct 2013, 08:27 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3553) | Send Message
     
    How many CEOs are going to kill classic companies that could have done well in the recovery, slow as it is?

     

    And get huge bonus packages... NOT tied to companies' total worth, & increased sales & profits?

     

    It's become a new capitalism tradition.
    10 Oct 2013, 09:52 AM Reply Like
  • shareholdr
    , contributor
    Comment (1) | Send Message
     
    Actually since 2006, LT Debt has decreased by 40%. If you're the head of a business that you know may be out of business in the future (5, 10, 20 years) do you get full value for the best parts or wait until the retail operations are completely worthless?
    10 Oct 2013, 09:29 PM Reply Like
  • rube123
    , contributor
    Comments (800) | Send Message
     
    actually

     

    April 2005
    TOTAL ASSETS =30,633
    Total Liabilities=19,472
    Total current liabilities=9,964
    Pension and postretirement benefits=2,607

     

    August 2013
    TOTAL ASSETS=19,278
    Total Liabilities=16,454
    Total current liabilities=8,960
    Pension and postretirement benefits=2,539

     

    ....... this does NOT include the recent 1 billion.......
    look at Feb 2013 also

     

    page 2 on 2005 - page 3 on 2013
    http://1.usa.gov/Nfg91F
    http://1.usa.gov/15FfQAQ

     

    I see 3 billion less in Debt (2 billion if you count the recent loan)
    I see 11 billion less in assets
    the pension obligation looks about the same

     

    only congress can choose which Debt they will pay

     

    10 years is almost up (march 2015)

     

    right now the premium properties are just keeping them a float

     

    why pay top dollar, when you can get it at a fire sale.
    its a shame on the retail, fast eddie has destroyed an Icon
    11 Oct 2013, 01:20 AM Reply Like
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