jasonrothman1

jasonrothman1
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  • Sears Is Headed Lower  [View article]

    When it comes to the Berkshire Hathaway to Sears Holdings comparison, I like to listen to this interview with Warren Buffett himself as he comments about how it all began and what he would have done differently.

    http://bit.ly/TS7O49
    Feb 26, 2013. 07:08 PM | Likes Like |Link to Comment
  • Sears Is Headed Lower  [View article]
    Here's a link to an interview with Buffett and his feelings about investing in Berkshire. Sometimes you simple do something for the wrong reasons and still come out on top, but I doubt he would have done it the same way again if he had the chance, as he notes in the conversation. Also, if Sears is another Berkshire why isn't Buffett putting some "money in the pot" for himself instead of staying with Walmart?

    http://bit.ly/TS7O49
    Feb 26, 2013. 07:04 PM | 1 Like Like |Link to Comment
  • Hidden Value, Executive Change, New Initiatives To Boost Sears Shares  [View article]
    A man's "net worth" is not what makes a great man. If you want to attack someone's comments by asking what their "net worth" is then it says a lot about your character and what your true values are.

    "Paulco" actually made some statements that were based on some evidence by the stats that even Lampert and Sears Holdings have admitted to in shareholder letters, but continues to say these figures are really not that important. Now this may be his "plan" for all we know, but I've not seen Sears Holdings mention that any redevelopments are making a profit yet. If you do, please specify which properties they say are "booming" for them.
    Feb 11, 2013. 06:48 PM | 3 Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    I'll agree they're not, but sometimes "the bigger you are, the harder you fall." Lampert just may have "bit off more than he can chew," in this case.
    Feb 9, 2013. 01:38 PM | Likes Like |Link to Comment
  • Hidden Value, Executive Change, New Initiatives To Boost Sears Shares  [View article]
    Sears has a lot of property they are having a hard time selling and didn't plan to redevelop, as well. Now if they can get this property redeveloped and making some money before they go under that might just help them, but that's a big if, if you ask me.
    Feb 9, 2013. 01:32 PM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    Read them. A lot of "fluff," not much substance on what they specifically plan to do. The following is a good article on their last shareholder letter.

    http://seekingalpha.co...
    Feb 7, 2013. 02:31 AM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    By the way, Kmarts have large Pantry/Grocery depts. as well as Health/Medicine depts. that have a "descent amount" of date coded merchandise.
    Feb 7, 2013. 02:15 AM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    Like all of Lampert's CEOs they are just "puppets" with Lampert "pulling the strings," as you elude to when you state he "was always in control." Although, I'd have to admit, if I was throwing around that much money, I'd want to be in control as well...LOL!
    Feb 6, 2013. 08:05 PM | 1 Like Like |Link to Comment
  • Shares of Sears Holdings (SHLD -1%) remained relatively unscathed while retail rival J.C. Penney slumped 55% in a year as the story on each company remains quite different. Despite the different tracks of the retailers, a scathing downgrade from Maxim on JCP could have some read-through to Sears Holdings. The firm thinks the immense square footage held by JCP is greatly overvalued by investors. Is SHLD in the same boat?  [View news story]
    It's more like the Titanic than a boat, but even the Titanic sank when the builders said it wouldn't. Just like the Titanic, there aren't many life boats to go around, except for Lampert and Berkowitz who own most of the company.
    Feb 6, 2013. 07:56 PM | Likes Like |Link to Comment
  • Hidden Value, Executive Change, New Initiatives To Boost Sears Shares  [View article]
    He should have "thrown down" some money to improve the stores and paid some good people to run them.
    Feb 6, 2013. 07:49 PM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    You don't put warehouses on what should be prime retail property. It's cheaper to build on rural land than in the city.
    Feb 6, 2013. 06:42 PM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    He hasn't left as CEO as ESL, he's just taking on the role of CEO of Sears as well, per the request of the board, most likely because they're tired of going through CEO's and having Lampert as the "back seat driver" or "Monday morning quarterback" which probably made a lot of his execs "come and go" so often. "If you're going to do the talk, you're going to have to walk the walk," as they say.
    Feb 6, 2013. 06:37 PM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    What crystal ball are you using to predict that? Lampert will be lucky to get that only if he starts to break the company up or liquidate and make some "good" investments with the money.
    Feb 6, 2013. 06:32 PM | Likes Like |Link to Comment
  • J.C. Penney And Sears: More Museum Than Store  [View article]
    Doesn't matter how much inventory is "paid for," unless you start to sell or liquidate it, eventually it becomes a liability.

    I haven't heard Lampert or Sears Holdings announce that their stores will turn into "distribution warehouses with only profitable anchors staying open" .....unless you're now in charge of public relations for Sears?
    Feb 6, 2013. 06:26 PM | Likes Like |Link to Comment
  • Does Bruce Berkowitz's Sears Math Add Up? Do Your Own Diligence  [View article]
    A) What is an "argument?"

    Some quotes from Dictionary.com:
    1. a discussion involving differing points of view; debate.
    2. a process of reasoning; series of reasons.
    3. a statement, reason, or fact for or against a point.

    I believe the author was just giving another point of view, so that one could "do your own diligence," which means make your own informed decision based on facts from both sides, without missing either ones point.

    B)Those "dealer stores which are independently owned and completely separate from Sears Holdings" are still majority owned or controlled in some way either by shares or product sales (like a franchise) by Sears Holdings (hence the use of "Holdings" in the name), so not "completely separate."

    C)I'll agree the author probably shouldn't have said "definitely not" on monetizing the inventory, but it would seem unlikely due to the "liabilities" that the author layed out a good case for. Plus, Autozone really is a different type of business model, not that Sears doesn't have some components that are similar.

    D)Adam is simply trying to make the point that there are many ways not to "get to financial heaven." Before I make an investment, I want to know the pros and cons, and then "do my own diligence" on what facts are correct or misleading.

    It's fine if you want to follow Berkowitz, but I believe the author eluded to some reasons why you might want to reconsider by stating some ""oversell" their ideas, perhaps in order to generate excitement for their funds and attract investor money." Not that you can't make money doing this since I believe that's how the "rich get richer," but you better make sure they're correct.

    E) Your analogy sounds "cool" but doesn't mean anything in the real world. There are things that are "obvious" in the real world such as your "obese dude," but has nothing to do with investing, because things are almost never "obvious" in that world. Kind of like "comparing apples to oranges." Also, at least the author used some math in his article, I didn't even see first grade math in your response to it.
    Feb 1, 2013. 10:30 PM | Likes Like |Link to Comment
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