Seeking Alpha

jasonrothman1

jasonrothman1
Send Message
View as an RSS Feed
View jasonrothman1's Comments BY TICKER:
Latest  |  Highest rated
  • 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
  • Analyzing Lampert's Sears Letter: An Unconvincing Long Thesis [View article]
    Investing in a company and running a company are "two different animals." I wonder if Lampert was "outside looking in" would he consider himself doing a good job running Sears/Kmart or even think about investing in it? Sure, the break-up/sell-off value might have enticed him like it has for Berkowitz, and it is most likely the reason he started this venture to begin with, but I don't believe he'd give himself an A+ grade either. Regardless, he's "all in" on this hand, bluff or not.
    Feb 1, 2013. 09:19 PM | Likes Like |Link to Comment
  • Sears Canada (SHLD) lays off about 700 employees in Canada as the retailer continues to trim its presence in the nation. Efforts to "rightsize" the company will continue, according to execs. [View news story]
    "rightsize"

    Translation: Keep the "execs" and their unwarranted bonuses so they can keep running the company poorly and fire the "employees," who probably have nothing to do or say about the daily operation of the company, that live from one measly paycheck to another because Sears "couldn't afford" (according to execs) a pay raise for at least the last five years from what I've heard from people who work for them.
    Feb 1, 2013. 06:47 PM | Likes Like |Link to Comment
  • Lampert's Active Role At Sears Should Scare Away Some Shorts [View article]
    Lampert's been "focusing on cash flow" for over 10 years now, but the company has been bleeding money ever since. The reinvestments haven't been very fruitful either. He should have reinvested more in the actual company instead of allowing the company and the people working there to degrade.
    Jan 22, 2013. 05:31 AM | Likes Like |Link to Comment
  • A spokesperson for Sears Holdings (SHLD) says the decision to have Eddie Lampert take over as the company's CEO for the outgoing Louis D'Ambrosio was at the direct request of the board of directors. After D'Ambrosio pushed the retailer into new online channels and bet on technology, analysts now wonder if Lampert will move in a different direction to increase the pace of asset sales. [View news story]
    I guess the Unemployment office better get ready for a surge of low-income to middle-class Sears/Kmart workers applying for benefits soon. I hope they are polishing up their resumes.
    Jan 8, 2013. 04:43 PM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings [View article]
    Sorry, I believe I found the article you're referring to. It only covers "Rating American Workplaces on Lesbian, Gay, Bisexual and Transgender Equality" not employee performance. Big deal, so they equally treat their employees poorly no matter what sexual persuasion they are...lol!
    Jan 8, 2013. 01:34 AM | 3 Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings [View article]
    I'm not sure where that article is, but even the Egyptians could get great "performance" out of their slaves as seen by the building of the Great Pyramids, but I doubt they enjoyed doing it....lol
    Jan 8, 2013. 01:16 AM | 1 Like Like |Link to Comment
COMMENTS STATS
131 Comments
66 Likes