jasonrothman1's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/1696001/comments http://seekingalpha.com/article/1466741/comments?source=feed#comment-19756432 19756432
Just another Wall Street genius helping the American economy prosper for his own good. ]]> Sat, 08 Jun 2013 22:29:42 -0400
Just another Wall Street genius helping the American economy prosper for his own good. ]]> http://seekingalpha.com/article/1466741/comments?source=feed#comment-19756122 19756122 Sat, 08 Jun 2013 22:00:50 -0400 http://seekingalpha.com/article/1487102/comments?source=feed#comment-19751912 19751912
When all is said and done, he will most likely make out like a bandit, but I still feel there's not as much value in the real estate as some think, and so far they haven't been able to realize much profit from it. ]]> Sat, 08 Jun 2013 16:31:01 -0400
When all is said and done, he will most likely make out like a bandit, but I still feel there's not as much value in the real estate as some think, and so far they haven't been able to realize much profit from it. ]]> http://seekingalpha.com/article/1487102/comments?source=feed#comment-19751712 19751712 Sat, 08 Jun 2013 16:14:45 -0400 http://seekingalpha.com/article/1487102/comments?source=feed#comment-19751532 19751532 Sat, 08 Jun 2013 15:58:59 -0400 http://seekingalpha.com/article/1487102/comments?source=feed#comment-19751212 19751212 Sat, 08 Jun 2013 15:40:43 -0400 http://seekingalpha.com/article/1487102/comments?source=feed#comment-19751132 19751132 Sat, 08 Jun 2013 15:36:10 -0400 http://seekingalpha.com/article/1487102/comments?source=feed#comment-19750952 19750952
http://bit.ly/18gkawj

"In addition, it is too early to tell whether or not the project will be completed given a multitude of potential factors, both internal and external, such as the economic value for the Company, shifts in the Canadian economy, and the condition of the real estate market now or in the future. Furthermore, this is a multi-year endeavour, and the length of time it will take from this early stage of discussions with the City of Burnaby to a potential completion, is estimated at several years. Therefore, although there have been estimates made of the value of the project, even if it was to proceed, it is too early in the process for the Company to declare any value associated with it."

You are correct about this project being "similar to the project in Minneapolis" in that neither one has broken ground yet, and with the shape the Holdings company is in, they may never.]]> Sat, 08 Jun 2013 15:23:04 -0400
http://bit.ly/18gkawj

"In addition, it is too early to tell whether or not the project will be completed given a multitude of potential factors, both internal and external, such as the economic value for the Company, shifts in the Canadian economy, and the condition of the real estate market now or in the future. Furthermore, this is a multi-year endeavour, and the length of time it will take from this early stage of discussions with the City of Burnaby to a potential completion, is estimated at several years. Therefore, although there have been estimates made of the value of the project, even if it was to proceed, it is too early in the process for the Company to declare any value associated with it."

You are correct about this project being "similar to the project in Minneapolis" in that neither one has broken ground yet, and with the shape the Holdings company is in, they may never.]]> http://seekingalpha.com/article/1360181/comments?source=feed#comment-18953921 18953921 Fri, 17 May 2013 13:59:44 -0400 http://seekingalpha.com/article/1360181/comments?source=feed#comment-18740121 18740121
"Meanwhile, Ubiquity seeks deals with cell phone carriers such as Verizon Communications Inc. and AT&T Inc. to affix antennas to roofs of Sears and Kmart buildings."

“Unlike a data center, you're not putting in $50 million to $60 million to build it. The carrier comes out and puts in the tower, and you just collect the rent.”

The "not investing a penny" refers to Cell Phone towers built on top of Sears/Kmart stores because they can lease the rooftop without building anything. Like the "Field of Dreams" movie, "if you build it, they will come." But first Lampert has to build it, before companies will come to lease the servers inside.

Bottom line, the final analysis of the article states:

"Alternate uses for real estate won't, on their own, save a corporation that lost $930 million in fiscal 2012. But, if the plan is executed effectively, Sears could add much-needed income."

which is somewhat optimistic, at least.]]> Sun, 12 May 2013 15:48:54 -0400
"Meanwhile, Ubiquity seeks deals with cell phone carriers such as Verizon Communications Inc. and AT&T Inc. to affix antennas to roofs of Sears and Kmart buildings."

“Unlike a data center, you're not putting in $50 million to $60 million to build it. The carrier comes out and puts in the tower, and you just collect the rent.”

The "not investing a penny" refers to Cell Phone towers built on top of Sears/Kmart stores because they can lease the rooftop without building anything. Like the "Field of Dreams" movie, "if you build it, they will come." But first Lampert has to build it, before companies will come to lease the servers inside.

Bottom line, the final analysis of the article states:

"Alternate uses for real estate won't, on their own, save a corporation that lost $930 million in fiscal 2012. But, if the plan is executed effectively, Sears could add much-needed income."

which is somewhat optimistic, at least.]]> http://seekingalpha.com/article/1360181/comments?source=feed#comment-18726991 18726991
http://bit.ly/12pXKBU

If it costs $50 to $60 million per store, it'll be years before the revenue stream is a positive cash flow. Many locations aren't prime for this kind of place, so it's questionable how many stores can be converted. I suppose if they can't "extract value" from trying to run the stores properly or selling the property, it does make sense to try to make it into something else, but it's a big "if" with all the competition already out there dedicated to these kind of solutions they're offering.

I do give Lampert credit for thinking "out of the box," but fragmenting your company and trying to do too many things at once and not being able to do any one thing right, may not necessarily be a solution to their problems.]]> Sun, 12 May 2013 06:07:28 -0400
http://bit.ly/12pXKBU

If it costs $50 to $60 million per store, it'll be years before the revenue stream is a positive cash flow. Many locations aren't prime for this kind of place, so it's questionable how many stores can be converted. I suppose if they can't "extract value" from trying to run the stores properly or selling the property, it does make sense to try to make it into something else, but it's a big "if" with all the competition already out there dedicated to these kind of solutions they're offering.

I do give Lampert credit for thinking "out of the box," but fragmenting your company and trying to do too many things at once and not being able to do any one thing right, may not necessarily be a solution to their problems.]]> http://seekingalpha.com/article/1360181/comments?source=feed#comment-18726851 18726851 Sun, 12 May 2013 05:42:54 -0400 http://seekingalpha.com/article/1360181/comments?source=feed#comment-18651771 18651771 Thu, 09 May 2013 19:22:49 -0400 http://seekingalpha.com/article/1360181/comments?source=feed#comment-18182821 18182821 "In your opinion if it all went bad do you see stock price valued at least at $140.00 in liquidation?"

MLCGLOBAL response to MSF:
"That of course would be nice... it depends on the retail price per square foot in a fire sale. A ? that needs some digging"

I can see why the author chose this as the "author's pick." It shows that MSF with all his comments can't back anything up with real metrics, and the one person who backs MSF, and I might add used some real data to do it, even admits that it is all conjecture depending on what the real value of the property is at the time of the "fire sale."

I'd also like to add, if there really is so much "value" in SHC as some say, why doesn't Lampert as representative of a personal investor, a hedge fund manager of ESL, and the CEO/COB of Sears Holdings, that would benefit from the rise of the stock price, make this "transparent" for all to see?...unless there really isn't as much value?...or maybe he's just "manipulating" the situation to be able to keep buying the stock on the cheap until he unfolds his real "plan" for the company, which I've read may even include taking the company private that would only benefit the "majority" stockholders?

I still think it's a big risk that I'm not willing to be part of it.]]> Sun, 28 Apr 2013 02:57:21 -0400 "In your opinion if it all went bad do you see stock price valued at least at $140.00 in liquidation?"

MLCGLOBAL response to MSF:
"That of course would be nice... it depends on the retail price per square foot in a fire sale. A ? that needs some digging"

I can see why the author chose this as the "author's pick." It shows that MSF with all his comments can't back anything up with real metrics, and the one person who backs MSF, and I might add used some real data to do it, even admits that it is all conjecture depending on what the real value of the property is at the time of the "fire sale."

I'd also like to add, if there really is so much "value" in SHC as some say, why doesn't Lampert as representative of a personal investor, a hedge fund manager of ESL, and the CEO/COB of Sears Holdings, that would benefit from the rise of the stock price, make this "transparent" for all to see?...unless there really isn't as much value?...or maybe he's just "manipulating" the situation to be able to keep buying the stock on the cheap until he unfolds his real "plan" for the company, which I've read may even include taking the company private that would only benefit the "majority" stockholders?

I still think it's a big risk that I'm not willing to be part of it.]]> http://seekingalpha.com/article/1360181/comments?source=feed#comment-18054791 18054791 Wed, 24 Apr 2013 19:21:25 -0400 http://seekingalpha.com/article/1360181/comments?source=feed#comment-18008081 18008081
I'm sure Lampert thought he'd be able to turn the company around using his "masterful" investing and thinking style to become the "hero" that not only saved two "iconic" American companies, but made a fortune for his investors, as well. Well, with the recession and his "masterful" management style he hasn't been able to "turnaround" the company as he had hoped.

Now it looks like most investors see this "real estate play" and "construction turnaround" the "Hail Mary" that will save the company and/or investors. I'm no "billionaire," and I'm sure my comments will be negated by some based just on that, because if you have at least a $billion you're automatically a "superstar" that can do no wrong. Well, I say this time you will see a "superstar" that made a mistake and isn't willing to admit to it and will do anything before he will, including "going down with the ship."

I suppose after this all plays out, as with anything, only time will tell who is right or wrong, so have fun ridiculing my comments until then. ]]> Tue, 23 Apr 2013 20:31:48 -0400
I'm sure Lampert thought he'd be able to turn the company around using his "masterful" investing and thinking style to become the "hero" that not only saved two "iconic" American companies, but made a fortune for his investors, as well. Well, with the recession and his "masterful" management style he hasn't been able to "turnaround" the company as he had hoped.

Now it looks like most investors see this "real estate play" and "construction turnaround" the "Hail Mary" that will save the company and/or investors. I'm no "billionaire," and I'm sure my comments will be negated by some based just on that, because if you have at least a $billion you're automatically a "superstar" that can do no wrong. Well, I say this time you will see a "superstar" that made a mistake and isn't willing to admit to it and will do anything before he will, including "going down with the ship."

I suppose after this all plays out, as with anything, only time will tell who is right or wrong, so have fun ridiculing my comments until then. ]]> http://seekingalpha.com/article/1298231/comments?source=feed#comment-16808611 16808611 Tue, 26 Mar 2013 00:49:52 -0400 http://seekingalpha.com/article/1298231/comments?source=feed#comment-16808441 16808441 Tue, 26 Mar 2013 00:40:19 -0400 http://seekingalpha.com/article/1298231/comments?source=feed#comment-16808391 16808391 Tue, 26 Mar 2013 00:37:09 -0400 http://seekingalpha.com/article/1298231/comments?source=feed#comment-16785611 16785611
If you want to risk your money in investing in a modern day "Titanic" and hope to make money off the pieces later, then good luck, but trying to change their "culture" with a few Tony Robbins type motivational statements without "putting their money where their mouth is" won't "amount to a hill of beans." ]]> Mon, 25 Mar 2013 15:25:17 -0400
If you want to risk your money in investing in a modern day "Titanic" and hope to make money off the pieces later, then good luck, but trying to change their "culture" with a few Tony Robbins type motivational statements without "putting their money where their mouth is" won't "amount to a hill of beans." ]]> http://seekingalpha.com/currents/post/902651?source=feed#comment-16713071 16713071 Sat, 23 Mar 2013 20:12:11 -0400 http://seekingalpha.com/currents/post/902651?source=feed#comment-16712941 16712941 Sat, 23 Mar 2013 20:03:39 -0400 http://seekingalpha.com/currents/post/902651?source=feed#comment-16628851 16628851
http://yhoo.it/ZC77h9

Not bad for someone who hasn't been able to make the company profitable in the past 10 years of running it, fired most of the middle/dept. management which left the salesfloor to be run by skeleton crews, and has denied raises for his employees for the past 5 years.]]> Thu, 21 Mar 2013 18:31:21 -0400
http://yhoo.it/ZC77h9

Not bad for someone who hasn't been able to make the company profitable in the past 10 years of running it, fired most of the middle/dept. management which left the salesfloor to be run by skeleton crews, and has denied raises for his employees for the past 5 years.]]> http://seekingalpha.com/article/1249041/comments?source=feed#comment-16407971 16407971 Sun, 17 Mar 2013 16:23:02 -0400 http://seekingalpha.com/article/1249041/comments?source=feed#comment-16351251 16351251 Fri, 15 Mar 2013 18:46:56 -0400 http://seekingalpha.com/article/1249041/comments?source=feed#comment-16086621 16086621 Sun, 10 Mar 2013 00:27:30 -0500 http://seekingalpha.com/article/1249041/comments?source=feed#comment-16086491 16086491 Sun, 10 Mar 2013 00:21:01 -0500 http://seekingalpha.com/article/1249041/comments?source=feed#comment-16086361 16086361 Sun, 10 Mar 2013 00:04:44 -0500 http://seekingalpha.com/article/1249041/comments?source=feed#comment-16086271 16086271
Also, wasn't the store in the Ala Moana Center in Hawaii one of their most profitable? What happened to it?]]> Sat, 09 Mar 2013 23:55:09 -0500
Also, wasn't the store in the Ala Moana Center in Hawaii one of their most profitable? What happened to it?]]> http://seekingalpha.com/article/1249041/comments?source=feed#comment-16085901 16085901 Sat, 09 Mar 2013 23:17:43 -0500