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Shares of Sears Holdings (SHLD -13.4%) fall hard after the retailer's Q3 report doesn't give...

Shares of Sears Holdings (SHLD -13.4%) fall hard after the retailer's Q3 report doesn't give forward-looking investors much to latch onto. Author Lawrence McDonald's take on Sears summarizes the general vibe of traders: "Thank god for that real estate. That makes 23 straight quarters of negative sales growth at Sears Holdings."
Comments (19)
  • Stone Fox Capital
    , contributor
    Comments (5985) | Send Message
     
    Everybody knew that so what is the stock down? Lawrence doesn't provide much alpha. lol
    16 Nov 2012, 10:03 AM Reply Like
  • Micah
    , contributor
    Comments (474) | Send Message
     
    I think the Sears situation is made much worse by JCP and BBY.

     

    There are is just too much retail square footage and every company has some kind of scheme in an attempt monetize their real estate.

     

    I just wonder who is left to buy all this real estate if most of the market is looking to sell?
    16 Nov 2012, 12:50 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    It's the location of the real estate that will make the difference and Sears has them. It does not have to be another retail store it can be turned into a shopping center or even a residential building, etc.
    The conference call was good and this sell off is do to the short squeeze trade that everyone is waiting for that still did not happen and the sell triggers went off causing a massive gap that will get filled.
    Lampert will make another purchase on this dip.
    16 Nov 2012, 01:22 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    Stone Fox what is your opinion.
    16 Nov 2012, 01:22 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    Micah I read one of your posts - did you think Sears paid a dividend.
    16 Nov 2012, 04:44 PM Reply Like
  • Micah
    , contributor
    Comments (474) | Send Message
     
    No - they did not pay a dividend, but this is how the Sears Canada spinoff was displayed on the google charts: http://goo.gl/90bWj
    16 Nov 2012, 05:03 PM Reply Like
  • jasonrothman1
    , contributor
    Comments (125) | Send Message
     
    I'm sure he will, it's the only way he'll get more fools to jump on "his" bandwagon to keep the stock afloat, and what I mean by "his" is that he'll make most of the money in the long run. After all, he has the cash flow to keep playing "the game."

     

    I'm seriously doubting he'll make this company into another Berkshire Hathaway, it's a different time and environment, and I don't see many of those Sears and Kmart locations being of much value for retail or anything else. I hope I don't eat my words, but unless you have some serious money to stay in this with him, I don't see making a lot of money from it long term, but don't get me wrong, there is money to be made here, and that's what it's all about after all.
    16 Nov 2012, 07:24 PM Reply Like
  • rube123
    , contributor
    Comments (984) | Send Message
     
    there was a time when sears paid a dividend, of course that was when sears was sears, and at that time , they also turned a profit
    17 Nov 2012, 06:01 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    I see what you mean.
    Did you add to your position today the numbers were good but the traders sold.
    17 Nov 2012, 06:14 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    So you are saying that instead of displaying Sears Canada they posted Sears America.
    18 Nov 2012, 04:43 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    Jason, Lampert owns common shares of Sears Holdings. As far as a Berkshire being formed it is already in progress. You have 5 businesses in the company. The only thing left to do is make Sears Holdings his only investment vehicle just like Buffett made Berkshire Hathaway his.
    18 Nov 2012, 04:43 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    The traders are selling not the investors.There is a massive gap that needs to be filled up to $58.00
    16 Nov 2012, 01:19 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    You have many traders trading on that massive short squeeze. When it does not come they sell off of their position.
    16 Nov 2012, 01:20 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    Their numbers were better than expected.
    16 Nov 2012, 01:20 PM Reply Like
  • rube123
    , contributor
    Comments (984) | Send Message
     
    23 rd strait quarter of loss, and you think they were better?, sears is done. property is not exactly bringing a premium right now, on top of that, Sears doesn't have many desirable locations. Sales speak for them selves, brand name have been gone. this little card trick is almost over.... 2 years ball game will be over.
    17 Nov 2012, 06:01 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    Get ready for another Lampert purchase.
    16 Nov 2012, 01:22 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    There are towns literally wiped out unfortunately in South Jersey. Construction and related goods will be in demand.
    17 Nov 2012, 05:52 AM Reply Like
  • fxfx
    , contributor
    Comments (918) | Send Message
     
    it's kind of expected if a retailer follows the strategy to downsize, close unprofitable locations and to invest in capex only if there is an appropriate return to be made. But hey, 23 quarters of negative sales growth - that's the only important take-away for this guy. And I always thought cash flows and bottom line were the important things to focus on. Stupid me!
    19 Nov 2012, 05:28 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4195) | Send Message
     
    The gap is getting filled quickly up premarket.
    19 Nov 2012, 09:04 AM Reply Like
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