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jasonrothman1

jasonrothman1
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  • Long-Term Sell And Hold In Sears Holdings [View article]
    I've mentioned before I understand the difference between Sears "retail" and Sears "holdings." As a matter of fact, that's why I've stated previously that Lampert didn't have much intention of saving the retail side of the company because his main concern was keeping the value of the real estate at his disposal, I just don't believe he'll be able to get as much out of it as he and Berkowitz believe. My opinion, but I don't believe the livelihood of 100's of thousands of workers should be lost just because someone cares more about the real-estate and sell-off value of a company instead of putting some money into the stores to breath some life back into them.

    That said, I have just as much right to say what I believe as anyone here since you referenced someone as a "so called troll retail expert." I agree with the author of this article on Sears when he stated "until something significantly changes in the form of a positive catalyst, I'm bearish on the stock."
    Jan 2, 2013. 07:31 PM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings [View article]
    Eddie Lampert and Sears Holdings keeps getting compared to Warren Buffett and Berkshire Hathaway. If this is true than you really should hear what Buffett himself said about his investment in Berkshire in this video:

    http://bit.ly/TS7O49

    It'll shed some light on how Buffett got where he is, but also on where he could have been much faster if he hadn't invested in Berkshire in the first place. Sometimes people do things for the wrong reason but still come out on top.

    Eddie Lampert is playing a "hand" that he is too proud to get out of without losing face. I doubt he wanted things to go as bad for Sears as it has, but he also knows there's value in the break-up of Sears and the real estate. He played it safe (or you could say down the middle) and didn't invest enough in the company to succeed and now he can only bank on the real estate value. I just don't feel there's going to be as much value as some believe.

    Also, the CFO Sharon Driscoll, did resign. She was not fired as mentioned, but then it's been a "revolving door" for many executives at Sears since Lampert took control. If you ever listen to Buffett, he only likes to invest not manage his holdings, unlike Lampert. Maybe someone Eddie could learn from since some people have called him his "idol."
    Jan 1, 2013. 04:29 PM | Likes Like |Link to Comment
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members [View article]
    If Lampert takes the company private, he'll sell off Sears and Kmart real estate and keep the intellectual property Kenmore, Crafstman and Diehard, and make it part of ESL Investments.
    Dec 26, 2012. 05:12 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    If that's true, which I doubt, they probably are wishing they didn't since the stock is all the way down to $40 now.
    Dec 24, 2012. 07:11 PM | Likes Like |Link to Comment
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members [View article]
    Let me make it simple.

    I know how business works, but if you don't put anything in you're not going to get anything out. The only things that Lampert cared about is the Shop Your Way Rewards program, getting customers to sign up for Sears credit cards (w/ high interest rates), and the Sears/Kmart websites, as well as being infatuated with Amazon.com and Apple as some standard to live up to. As I said before, I know plenty of Sears and Kmart employees over the years that say the stores were never given the opportunity to succeed. Hardly any money was invested in the stores to make them competitive. Suggestions were never taken or wanted from management.

    Lampert might be a great investor, but he is a horrible manager of people. Just ask many of the execs that have come and gone over the years. It's been a revolving door at Sears headquarters. It seems his main interest has always been making money from the break up and keeping the iconic Kenmore, Craftsman, and Diehard brands for himself afterwards.

    Again, I may have jumped on the band wagon with you if I didn't know some of the "behind the scenes" things that has happened over the years, but I will not contribute to what has caused the decline of Sears and Kmart before and after the bankruptcy, as well as the reign of Lampert.
    Dec 24, 2012. 07:04 PM | Likes Like |Link to Comment
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members [View article]
    You keep saying the following or something similar:

    MSF states:

    "The consensus, including Berkowitz, says that if the real estate was priced to market the stock conservatively would be worth $160.00 - broken up and liquidated."

    I'm not saying there won't be some money to be made, but it will come from what you say is a "broken up and liquidated" Sears/Kmart, and Lampert and Berkowitz are the two that will make the most from it because they own the largest amount of shares. The rest of us will be "picking at the scraps" left behind.

    I'm just saying I won't invest in what I believe is a plan to make some people richer at the expense of the people working there. Everyone gives Walmart a bad rap in their treatment of employees, but Lampert has been no better for the Sears/Kmart employees while he's been in charge. He had upwards of 10 full-time employees fired back in February in each store, trying to run the stores with mostly part-time workers who have practically no skills or loyalty for the company, and many that weren't let go, haven't seen a raise in at least 4 years. He even praises Walmart (his rival) in a speech he gave for the Nantucket Project below.

    http://bit.ly/VeBDwR

    So go ahead and help Lampert and Berkowitz make more millions, and maybe some for yourself, but I don't see as much "value" in the break-up as you or they do, and on a moral basis I won't either.
    Dec 23, 2012. 07:22 PM | Likes Like |Link to Comment
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members [View article]
    Overvalued property, poor sales, selling off bits and pieces, and laying off tons of employees, does not a good investment make. It's like the sinking of the Titanic, there's some life boats but only for a select few. I'm sure Lampert and Berkowitz will be on one floating all the way to the bank.
    Dec 22, 2012. 03:47 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    Turnaround?.... He'll have to show his hand soon, because I don't see investors believing the hype for much longer.
    Dec 22, 2012. 03:24 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    You know what they say, "the bigger they are, the harder they fall." I'm not sure Eddie would be where he is today if he wasn't given $28 million and a bunch of clients from Richard Rainwater to start ESL Investments.

    I doubt he'll get half of what some say the real estate is worth, so Sears stock probably won't top out past $80 when he starts selling off the company and firing tons of hard working employees. I'd rather invest in a company that management really cares about and their employees, not just the real estate.
    Dec 20, 2012. 11:10 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    Nope
    Dec 17, 2012. 07:00 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    Hey Micah, what did you mean by mentioning the Mets' record for 2012?
    Dec 17, 2012. 06:53 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    Those are current stats that Micah mentioned while DePodesta was still employed by the Mets.
    Dec 17, 2012. 06:52 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    Only after he closes another 120 stores and lays off 12,000 employees. Well worth the cost to get box seats.
    Dec 14, 2012. 06:26 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    I could be wrong MSF, but didn't Micah mean that DePodesta's record or stats didn't look that great with the Mets?

    Which makes one wonder about their statement, "We are pleased to add the strong analytical skills and talent assessment acumen of Paul DePodesta to our board of directors" which adds new meaning to the saying "old boys' club."
    Dec 14, 2012. 06:15 PM | Likes Like |Link to Comment
  • Sears Holdings Elects Paul DePodesta To Board [View article]
    Paul's compensation?......too much I'm sure, but well worth the season tickets Micah mentioned LOL!
    Dec 13, 2012. 10:57 PM | Likes Like |Link to Comment
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