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jasonrothman1

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  • Profit From The Fear And Confusion Surrounding Sears [View article]
    Why would Lampert? His investment in the company I've read averages less than $20 a share.

    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.
    Jun 8, 2013. 04:31 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    I'm sure he does, but as the now CEO of the company, he should be as concerned about the "retail side" as he is about the "real estate" side, or he is simply manipulating the company for his personal own good in the long term?
    Jun 8, 2013. 04:14 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    Never said it would end up hurting him. There's plenty of scenarios where he and Berkowitz comes out on top, and it does make sense if you're the "majority" shareholder in the company, you pretty much control or own it. That's why, as you have said, he "buys on the dips."
    Jun 8, 2013. 03:58 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    You may not feel the "retail side" of the company is very important, but I for one would feel better if they would "invest and redevelop" them, as well.
    Jun 8, 2013. 03:40 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    At least we'll know where the top corporate personnel will go to live with the remaining money left in the company they take with them in the form of bonuses, stock options, severance, and "parachute" packages after the company is sold off and bankrupt. Although, I'm sure Lampert will retreat to his island estate off the coast of Florida and retire (well, not really, he'll still run ESL investments and own the rights to the Kenmore, Craftsman, and Diehard brand names)
    Jun 8, 2013. 03:36 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    Here's the article and what it states about that Burnaby project:

    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.
    Jun 8, 2013. 03:23 PM | 1 Like Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    If you just plan on following your "brilliant value investors," instead of doing your own "due diligence," I see no value or need for you to make any comments on articles.
    May 17, 2013. 01:59 PM | Likes Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    This is what the article states about the Data Centers and leasing:

    "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.
    May 12, 2013. 03:48 PM | Likes Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    If you read this article, there is big money that needs to be invested in creating a data center. Also, the article isn't very reassuring that Sears can pull it off.

    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.
    May 12, 2013. 06:07 AM | 1 Like Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    I see "Payday Advance" kiosks within their stores soon...LOL! Just another way to take advantage of poor people who think they have no other options. The same as when banks offer non-credit worthy individuals "high interest/high fee" credit cards. You don't see Wal-Mart stooping to these levels to get shoppers back into their stores and they're back to being the #1 Fortune 500 company again.
    May 12, 2013. 05:42 AM | 2 Likes Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    The operative word here is "appear." If he's not nervous, which he should be, it's only because he feels he can at least get his money back and then some from the liquidation of Sears, but that is still debatable. As far as the subsidiaries and being larger than Amazon, if he's using the same "game plan" he's used the last 10 years to try to save the "brick and mortar" side of the company, I don't see much success in that venture either.
    May 9, 2013. 07:22 PM | 1 Like Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    MSF question to MLCGLOBAL:
    "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.
    Apr 28, 2013. 02:57 AM | 1 Like Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    I don't remember where or exactly when but it was a few years ago I believe in a interview with Lampert that he stated that his focus was not competing with Walmart via a "price war" because he thought it was a "losing battle," but rather he felt it was more important to give customers a better or "wow" experience shopping Sears and Kmart stores to bring them back again and again. From the financials etc., it doesn't appear that strategy is working well. Plus, I rarely see enough salespeople or cashiers on the sales floor in their stores to support that concept.
    Apr 24, 2013. 07:21 PM | Likes Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    Lampert engineered an incredibly take over of Kmart when they went bankrupt and used the windfall (by selling off of valuable Kmart owned properties) to take over Sears (which also was on the verge of bankruptcy) to merge two "iconic" companies together creating the 2nd largest retailer in the world in the hopes of making one huge money making machine to compete against Walmart, Target, as well as online superstar Amazon.

    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.
    Apr 23, 2013. 08:31 PM | 2 Likes Like |Link to Comment
  • Sears: A Purely Speculative Play? [View article]
    Actually, it means a lot. They'll keep "propping up" the stock because the majority stock holders will be the ones making a killing off the break-up. Now, if you have the money to enter their realm of investment, then you to will make some money off this venture.
    Mar 26, 2013. 12:49 AM | Likes Like |Link to Comment
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