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Laszlo Birinyi is a fan of stocks that go down on what he calls "nonrecurring bad news" (think...

Laszlo Birinyi is a fan of stocks that go down on what he calls "nonrecurring bad news" (think News Corp.). On that front, one of his favorites now is Walgreen (WAG). Another top pick - Sears Holdings (SHLD) - owns the real estate on which its stores sit, and should benefit from the property recovery. Whose work does he follow? "There are some (WS strategists) I keep an eye on because they are fairly consistently wrong."
Comments (10)
  • Brendan O'Boyle
    , contributor
    Comments (1048) | Send Message
     
    I get WAG (even though I prefer CVS), but how is Sears non-recurring bad news?
    15 Dec 2012, 11:28 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1595) | Send Message
     
    Can someone clue me in on what the nonrecurring bad news for WAG was?
    15 Dec 2012, 11:35 AM Reply Like
  • HeartMan
    , contributor
    Comments (93) | Send Message
     
    The contract dispute with Express Scripts.
    15 Dec 2012, 12:41 PM Reply Like
  • ConservativeOutperformer
    , contributor
    Comments (547) | Send Message
     
    Except CVS claims it wasn't non-recurring. He's trying, but he doesn't quite understand the term non-recurring. I guess he means non-recurring bad news for sears. Every quarter the news goesfrom bad, to very bad, to horrible, to miserable, to we are almost bankrupt......
    15 Dec 2012, 01:07 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4175) | Send Message
     
    Sears' numbers are getting better this quarter and may trigger the biggest short squeeze in history with not enough shares to cover in other words you can see Sears stock got to $500.00 in two weeks.
    15 Dec 2012, 10:22 PM Reply Like
  • User 353732
    , contributor
    Comments (4831) | Send Message
     
    How can one really know if the bad news is non recurring or the harbinger of a new trend in either management or strategic deterioration or adverse change in business environment.......first a company misses a quarter then another and then the year
    15 Dec 2012, 03:49 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    how about non-recurring good news ??
    15 Dec 2012, 08:18 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4175) | Send Message
     
    If Sears' real estate was valued to market the stock would be worth $160.00 a share. - Bruce Berkawitz 2012 Forbes interview.
    15 Dec 2012, 10:22 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4175) | Send Message
     
    Another point is Sears is closing non profit stores and they are going to redevelop the real estate they do not sell to other forms of real estate - like residential
    The company again is called Sears HOLDINGS and they are focusing on continuous cash flow ,hense, their nickname - Sears "The Cash Cow " Holdings.
    16 Dec 2012, 08:37 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4175) | Send Message
     
    Remember Sears' nickname is Sears " The Cash Cow " Holdings.

     

    Lahiem
    17 Dec 2012, 08:43 AM Reply Like
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