jasonrothman1

jasonrothman1
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  • Sears Holdings Elects Paul DePodesta To Board 
    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
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members 
    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
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members 
    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
  • Last Minute Gift Buying Simplified with In-Store, Online and Mobile Deals from Sears®, Kmart® and Extra Perks for SHOP YOUR WAY™ Rewards Members 
    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
  • Sears Holdings Elects Paul DePodesta To Board 
    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
  • Sears Holdings Elects Paul DePodesta To Board 
    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
  • Sears Holdings Elects Paul DePodesta To Board 
    Nope
    Dec 17, 2012. 07:00 PM | Likes Like
  • Sears Holdings Elects Paul DePodesta To Board 
    Hey Micah, what did you mean by mentioning the Mets' record for 2012?
    Dec 17, 2012. 06:53 PM | Likes Like
  • Sears Holdings Elects Paul DePodesta To Board 
    Those are current stats that Micah mentioned while DePodesta was still employed by the Mets.
    Dec 17, 2012. 06:52 PM | Likes Like
  • Sears Holdings Elects Paul DePodesta To Board 
    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
  • Sears Holdings Elects Paul DePodesta To Board 
    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
  • Sears Holdings Elects Paul DePodesta To Board 
    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
  • 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
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