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jasonrothman1

jasonrothman1
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  • 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
  • Sears Holdings (SHLD) moves up 3.1% premarket after shares dipped below the $40 mark for the first time since January. Hedgeye's Keith McCullough thinks high short interest names such as Sears are scaring hedge funds in the current atmosphere. If that's the case, a short squeeze rally into year end could be on tap. [View news story]
    I would but my morals prevent me from investing in something I feel is being manipulated as a vehicle to use for another purpose at the expense of the people working there. Plus I don't feel he's going to have the same luck Warren Buffet had in his similar situation with Berkshire Hathaway. Like I've said before I know a lot of people at both Sears and Kmart that feel Lampert hasn't done enough to save the company except to simply keep it alive to slice up into pieces later for his future investments and possible buyouts.

    Unfortunately, Sears has become too personal for me to put my money in when there are other companies with better track records. What Lampert doesn't understand is that a lot of these employees I know would have done almost anything for him in order to save the company, but now they are beginning to feel it would be better to sell the stores they're working in to a Home Depot, Target, or even Walmart, for example, that will probably treat and pay them better. I'm not saying he didn't expect to make it more profitable at first, or planned something different, but because of the recession, and his mismanaging of the retail side, Sears/Kmart may not be around in a few years. Who can say what he was planning, only Lampert knows that.
    Dec 13, 2012. 08:58 PM | Likes Like |Link to Comment
  • Sears Holdings (SHLD) moves up 3.1% premarket after shares dipped below the $40 mark for the first time since January. Hedgeye's Keith McCullough thinks high short interest names such as Sears are scaring hedge funds in the current atmosphere. If that's the case, a short squeeze rally into year end could be on tap. [View news story]
    Even Buffett admitted he was wrong in investing in Berkshire Hathaway, not just other investors, but he still got rich from it anyway as he admits in this video.

    http://bit.ly/TS7O49

    Maybe Lampert could learn something from his "idol," but I admit it does sound like he's taking the same path to his riches. It's funny how myths are started, but, regardless of how, they both make money from these endeavors.
    Dec 11, 2012. 12:57 AM | Likes Like |Link to Comment
  • Sears Holdings (SHLD) moves up 3.1% premarket after shares dipped below the $40 mark for the first time since January. Hedgeye's Keith McCullough thinks high short interest names such as Sears are scaring hedge funds in the current atmosphere. If that's the case, a short squeeze rally into year end could be on tap. [View news story]
    "This may be beginning of the biggest squeeze in history - there are too many things falling into place."

    What?

    "1 -Eddie Lampert is the largest and majority shareholder"

    Ever hear of Poker, where some players try to bluff their opponents into thinking they have a great hand when it’s only mediocre or nothing at all? He’s invested a lot into this hand and he’s not about to give it up yet, so he’ll stay in and keep throwing money into the pot while the other players do as well hoping they’ll fold and not call his bluff and then he’ll steal or "buy the pot” for himself.

    "2 -Break up value at $160.00"

    Everyone on Lambert's side feel there’s a lot of value in the real estate, but I would estimate at least half of that is true, if not much less. Break up value may make some investors money but mostly Lampert whose stake averages about $16 a share, and that’s why he’s in this for the long haul. I suppose if you want to be part of one of the most strategic break ups of a company in history there’s definitely money to be made. I just feel sad a company is worth more dead than alive, and who wouldn’t want to shoot an “outlaw” in the back to claim the reward, rather than bring him in alive? It’s just that these people aren’t “outlaws”, they are over 250,000 hard working people expecting to have a place to work in the future.

    "3 -Business plans and strategies working"

    If you call 26 quarters of decline and going into the 4th quarter holidays with same store sales down at both Sears and Kmart as “business plans and strategies working” then I can honestly say why America went into recession with that kind of thinking. If you’ve been in some of the stores lately they’re so desperate to get sales they’ve put so much on sell so close to cost just to get people to buy anything, even categories that you wouldn’t normal associate with Christmas items such as jock straps in Sporting Goods etc. LOL Sales up, but profits down is not a winning combination, if that's the plan to save the company. Of course it may make the stock go up for awhile. As far as Sears Holdings as an investment vehicle, I haven’t seen too many winners yet.

    "4 -Comps getting better"

    I admit it’s good to be optimistic, but have you ever heard the saying, “ been down so long, it looks like up to me”?

    "5 -The largest amount of stock purchases by funds last quarter."

    Not sure where you got this one, but you shouldn’t count Lambert's ESL or Berkowitz’s Fairholme as they are the only key players, and, in my opinion, working together on this one.

    "6 -Short interest down almost half but not enough shares to cover."

    Lambert's running the show, what did you expect? Even if things don't go exactly as he planned, he'll still have $billions to go home to at his $40 million estate off the coast of Florida he recently purchased.
    Dec 8, 2012. 03:08 PM | 1 Like Like |Link to Comment
  • We Worry Sears Will Sell Winners To Pay For Losers [View article]
    Sorry, I didn't mean his sole intention was to let the "retail side" go under, but I don't believe he was about to put a lot of money into saving it either, if there was more money to made liquidating down the road. When there's more value to made from the real estate over the humans who work there, the real estate will always win. There's still a possibility he may take the company private, as well.
    Dec 3, 2012. 07:06 PM | Likes Like |Link to Comment
  • We Worry Sears Will Sell Winners To Pay For Losers [View article]
    Kmart came out of their bankruptcy just fine without Lampert. He just bought up the new shares of stock while they were still dirt cheap and took control of the company. He just seen the value of the under valued real estate Kmart had at the time and used it to merge Sears in a $11.5 billion buy out.
    Dec 3, 2012. 06:59 PM | 1 Like Like |Link to Comment
  • We Worry Sears Will Sell Winners To Pay For Losers [View article]
    Kmart did indeed buy Sears after they came out of bankruptcy, actually doing quite well on their own, but Lampert wanted to merge the two real estate portfolios to have more liquidity value, in my opinion. If all else fails, he could liquidate, liquidate, and liquidate to his heart's content.

    See article below that clearly states Kmart bought Sears.

    http://nbcnews.to/z0MlHy

    After all, you've said it yourself time and time again, it's all about the real estate, not the survival of the retail side. That's what Lampert is an expert in, not running a retail company.
    Dec 3, 2012. 06:54 PM | 1 Like Like |Link to Comment
  • We Worry Sears Will Sell Winners To Pay For Losers [View article]
    Actually, he used Kmart as a vehicle to get the money (by selling off valuable Kmart property and stores that were doing well by the way) to buy Sears and changed the name to Sears Holdings. Many people think it was Sears that bought Kmart but it was the other way around. Amazing isn't it that a company that just came out of bankruptcy has the money to buy another corporation? I wonder how that was manipulated? I guess the bankruptcy courts didn't know everything that was going on after all. So far he hasn't put much, if any, money back into Kmart stores or their employees to help them survive. Many lost their 401k accounts during the bankruptcy and never were compensated for it. I know plenty of long term employees at both Kmart and Sears who say the same.

    After the bankruptcy Kmart was doing much better than Sears as far as sales but because he didn't reinvest in Kmart and concentrated only on Sears they are going under again and sales are terrible. I don't think he had much intention of saving the Kmart aspect of the business. It was a "sink or swim" position on his part even though the Kmart situation got him where he is - "corporate raider" style. I don't believe Kmart would have gone into bankruptcy in the first place if they hadn't had people running the show in the same fashion Eddie does (which is to say only for himself and his investment firm), he's just better at it and knows how to sustain it longer at his benefit and not for the people working there because he's good at the stock market side of the equation.

    Not to say that some people will make some pretty good money from all this if he succeeds, but they are in the minority compared to the hundreds of thousands of employees still suffering because of all these "games" the corporate CEOs and Eddie have played over the past few decades. There's no reason for Walmart to have come along and squashed Kmart/Sears if these so called "leaders" weren't in it just for themselves.
    Dec 2, 2012. 01:17 PM | 1 Like Like |Link to Comment
  • We Worry Sears Will Sell Winners To Pay For Losers [View article]
    It's sad that the only real important thing here is the "liquidation value" of this company. It just shows that Lampert has no intention of trying to save the retail part of the company (or the human factor). He'll allow the stores to degrade and lose sales, watch the stock go down because of it, buy up the stock while it's low, then sale off assets (real estate and close stores), make it appear like there's going to be a "turnaround," thus causing the stock to go up again, all the while he's laughing all the way to the bank. Unfortunately, there are people working there who wish he would be more interested in investing in them and saving the retail end, instead of just looking at the value of the real estate. My opinion, but there's got to be a better way to make a buck instead of stepping on the backs of the American worker to get it. It's one of the reasons the middle class is diminishing and the economy is so volatile.
    Dec 1, 2012. 01:45 AM | 3 Likes Like |Link to Comment
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