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  • 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]

    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
  • Sears Holdings (SHLD) gives an update to its Q4 and FY12 earnings guidance, saying it sees Q4 EPS coming in at around $1.25 - $2.00, beating consensus estimates of $0.86, on an adjusted EBITDA of $265M - $465M. FY12 EPS is expected to come in at a loss of between $1.16 and $1.92, beating consensus estimates for a loss of $2.66. Separately, the company annnounces that CEO Louis D'Ambrosio will step down due to family health matters at the end of the company's fiscal year on February 2, 2013. Edward Lampert will assume the role of CEO, in addition to his role as chairman.  [View news story]
    Another CEO bites the dust. Maybe "upper management (Lampert) was on (Lou) for not performing and executing fast enough." We'll never no for sure if "family health matters" is the real reason for stepping down, but from what I've read he'll leave with almost $10 million in compensation this year for his efforts.
    Jan 8, 2013. 12:31 AM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings  [View article]
    If Macy's doesn't want to stay, it can't be that great a property. Not that there aren't some "prime" locations that Lampert can still extract some value from, but when he first started selling off Kmart properties when he took over Kmart and used the cash from that to buy Sears it didn't leave much valuable property on the Kmart side of the equation, so Kmart will most likely be left to "hang out to dry." Only time will tell if there's still enough "value" there in Sears locations (and leases) to make enough money... I just don't think so.

    It's a tough market for commercial real estate, and not too many companies are expanding in the States. Maybe in Canada like the article mentioned above, and hopefully Target won't start to carry large appliances there because that would further kill Sears/SHOS in Canada, which is already struggling. Also, the "1995 RE cycle" didn't have a country $16 trillion in debt and banks unwilling to make loans. Again, only time will tell.
    Jan 7, 2013. 08:43 PM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings  [View article]
    Here's another Sears property in Colorado that's been closed but owned by Sears. Sears has turned down offers on it, but they're just not getting the numbers they want for it.


    The city is considering using "eminent domain" if Sears won't take the offer. Another way of "unlocking the value" of the real estate? Looks like Lampert's business strategy is working perfectly.
    Jan 4, 2013. 11:36 PM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings  [View article]
    ...while another Kmart store is closing in Chicago and 82 employees are out of jobs...


    "Riefs said the 82 employees, including both full- and part- time workers, were notified of the closing in early November and can apply for positions at other Kmart and Sears stores."

    The operative word here is "apply" at other Kmart and Sears stores. Why not work with the other stores to help them get jobs there for the employees interested in transferring? ...because there aren't any positions available since the Xmas rush is over, and since many have probably been with the company for awhile, why hire someone that's probably making more than minimum wage anyways?

    Also stated in the article, "Heniff said neither the village nor Sears has anyone lined up to replace Kmart yet, but noted that the 10.75 acre site with the 104,000-square-foot building is at "a premier intersection with great traffic volume and great access." Good luck on "unlocking the value" in that piece of real estate anytime soon.

    "Retail" vs "Holdings" - I doubt either will win in the end.
    Jan 4, 2013. 11:10 PM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings  [View article]
    "Big" Lou D'Ambrosio (actually, you're being funny aren't you since he's not that big lol!) has done okay since he came to Sears just under two years ago, but employees at the stores tell me they've seen more and better changes since Ron Boire came onboard at the beginning of 2012 and he has some solid retail experience. Lou seems to be concentrating more on the Shop Your Way Rewards program and technicals and Ron on the actual merchandising. Granted, both are needed nowadays, but you can't lack in one and expect the business to succeed.

    Plus never forget your employees need more incentives other than to say "if you don't like it, there's the door," and I'm not talking about just the top execs getting huge bonuses when the company does bad, which is just wrong. It's not the way companies like Google, Apple, and Microsoft have retained good employees.
    Jan 3, 2013. 06:42 PM | Likes Like |Link to Comment
  • Long-Term Sell And Hold In Sears Holdings  [View article]
    I guess depending on how one uses the terms "fired" or "resigned" Best Buy CEO G.Mike Mikan may have been fired and replaced since Best Buy hasn't done well under his rule. Probably a better fit for ESL though, but I doubt it'll help Sears (retail side). The following quote from an article link below may have something to do with it.


    "He was well-versed in accounting and finance issues, but Mikan had little retail or online experience, and eventually Best Buy chose as CEO Hubert Joly, a Carlson Cos. executive."
    Jan 2, 2013. 07:45 PM | Likes Like |Link to Comment
  • 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:


    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 
    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