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jasonrothman1

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  • Sears Should Reorganize Its Operations Along Merchandise Lines Into Separate Subsidiaries [View article]
    Unfortunately, Lampert is simply "throwing everything against the wall to see what sticks." If there really is profitable stores, then why are all of them up for sale or lease on their SHC realty website?

    http://www.shcrealty.com

    If you run a search you'll see that not one Sears or Kmart is not listed as this article states.

    http://bit.ly/1sYwnf5

    I'm sure Lampert felt his business and investment expertise would turn this company around, and he would not only have a great real estate and investment vehicle but one that made money from the retail end, as well. As we have seen, he has not been able to accomplish this, and I'm sure his ego is struggling with what he should do because he thinks he is indestructible, but like the Capt. of the Titanic he is still barreling ahead at full speed with a large iceberg looming in the distance.
    Sep 2 11:08 PM | 1 Like Like |Link to Comment
  • A Visit To The Front Lines Of The Sears Holdings Cold War [View article]
    LOL!!!

    I did not see the irony at first, but maybe they'll buy equipment from Dick's to keep their store in stock or mark up the price to sell online, lease it, or "ship to store" from Dick's down to the Sears store for customers? It's always nice to "Shop Your Way," wouldn't you agree?
    Dec 31 06:33 PM | 2 Likes Like |Link to Comment
  • A Visit To The Front Lines Of The Sears Holdings Cold War [View article]
    "What did surprise me was my conversation with one of the - very capable and pleasant - associates,"

    Okay, with that info I'm going out and loading up on shares of Sears. The Bulls have proven their point.....LOL!

    "The Sears store itself will be more profitable and have lower costs with fewer employees."

    I'm sure that "very capable and pleasant associate," and most likely experienced higher paid employee, will be let go and replaced by a less capable associate to help keep the few, if any, profits flowing.

    "One associate I spoke with said that the store would no longer sell women or children's apparel when it consolidated into a single floor."

    Haven't previous Sears PR responses to declining sales state that at least their apparel divisions were doing well? ...and aren't a lot of the newer ads pushing their apparel lines?
    Dec 31 02:14 AM | 2 Likes Like |Link to Comment
  • This Legendary Retailer Might Be The Worst Investment You Can Make Right Now [View article]
    There's a reason why "some people won't listen," (actually a lot otherwise the stock would be much higher by now) is because Lampert's "holding company" and his way of managing it over the last 10 years hasn't shown a profit or proven anything yet, so Ivwingfan's comment, "The strategy worked for Buffett and it just might work for SHLD too," (with the operative word "might") is like throwing coins in a wishing well.
    Sep 5 07:59 PM | 2 Likes Like |Link to Comment
  • Edward Lampert's Baby: Is A REIT Around The Corner? [View article]
    Yes, and what happens to all the 100's of thousands of store employees that he's not informing about his so called plan to "wind down the retail operations?" I guess that'll help our economy by adding to the unemployment rate?

    Just another Wall Street genius helping the American economy prosper for his own good.
    Jun 8 10:29 PM | Likes Like |Link to Comment
  • Edward Lampert's Baby: Is A REIT Around The Corner? [View article]
    It's a "pipe dream" if you think they'll get 4 times the rent by subleasing, even with the current valuation of the lease. Sears Holdings is burning through cash faster then their ability to make these deals happen anyways.
    Jun 8 10:00 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    Why would Lampert? His investment in the company I've read averages less than $20 a share.

    When all is said and done, he will most likely make out like a bandit, but I still feel there's not as much value in the real estate as some think, and so far they haven't been able to realize much profit from it.
    Jun 8 04:31 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    I'm sure he does, but as the now CEO of the company, he should be as concerned about the "retail side" as he is about the "real estate" side, or he is simply manipulating the company for his personal own good in the long term?
    Jun 8 04:14 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    Never said it would end up hurting him. There's plenty of scenarios where he and Berkowitz comes out on top, and it does make sense if you're the "majority" shareholder in the company, you pretty much control or own it. That's why, as you have said, he "buys on the dips."
    Jun 8 03:58 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    You may not feel the "retail side" of the company is very important, but I for one would feel better if they would "invest and redevelop" them, as well.
    Jun 8 03:40 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    At least we'll know where the top corporate personnel will go to live with the remaining money left in the company they take with them in the form of bonuses, stock options, severance, and "parachute" packages after the company is sold off and bankrupt. Although, I'm sure Lampert will retreat to his island estate off the coast of Florida and retire (well, not really, he'll still run ESL investments and own the rights to the Kenmore, Craftsman, and Diehard brand names)
    Jun 8 03:36 PM | Likes Like |Link to Comment
  • Profit From The Fear And Confusion Surrounding Sears [View article]
    Here's the article and what it states about that Burnaby project:

    http://bit.ly/18gkawj

    "In addition, it is too early to tell whether or not the project will be completed given a multitude of potential factors, both internal and external, such as the economic value for the Company, shifts in the Canadian economy, and the condition of the real estate market now or in the future. Furthermore, this is a multi-year endeavour, and the length of time it will take from this early stage of discussions with the City of Burnaby to a potential completion, is estimated at several years. Therefore, although there have been estimates made of the value of the project, even if it was to proceed, it is too early in the process for the Company to declare any value associated with it."

    You are correct about this project being "similar to the project in Minneapolis" in that neither one has broken ground yet, and with the shape the Holdings company is in, they may never.
    Jun 8 03:23 PM | 1 Like Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    If you just plan on following your "brilliant value investors," instead of doing your own "due diligence," I see no value or need for you to make any comments on articles.
    May 17 01:59 PM | Likes Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    This is what the article states about the Data Centers and leasing:

    "Meanwhile, Ubiquity seeks deals with cell phone carriers such as Verizon Communications Inc. and AT&T Inc. to affix antennas to roofs of Sears and Kmart buildings."

    “Unlike a data center, you're not putting in $50 million to $60 million to build it. The carrier comes out and puts in the tower, and you just collect the rent.”

    The "not investing a penny" refers to Cell Phone towers built on top of Sears/Kmart stores because they can lease the rooftop without building anything. Like the "Field of Dreams" movie, "if you build it, they will come." But first Lampert has to build it, before companies will come to lease the servers inside.

    Bottom line, the final analysis of the article states:

    "Alternate uses for real estate won't, on their own, save a corporation that lost $930 million in fiscal 2012. But, if the plan is executed effectively, Sears could add much-needed income."

    which is somewhat optimistic, at least.
    May 12 03:48 PM | Likes Like |Link to Comment
  • Danger Zone 4/23/2013: Sears Holdings [View article]
    If you read this article, there is big money that needs to be invested in creating a data center. Also, the article isn't very reassuring that Sears can pull it off.

    http://bit.ly/12pXKBU

    If it costs $50 to $60 million per store, it'll be years before the revenue stream is a positive cash flow. Many locations aren't prime for this kind of place, so it's questionable how many stores can be converted. I suppose if they can't "extract value" from trying to run the stores properly or selling the property, it does make sense to try to make it into something else, but it's a big "if" with all the competition already out there dedicated to these kind of solutions they're offering.

    I do give Lampert credit for thinking "out of the box," but fragmenting your company and trying to do too many things at once and not being able to do any one thing right, may not necessarily be a solution to their problems.
    May 12 06:07 AM | 1 Like Like |Link to Comment
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