Seeking Alpha

fxfx

fxfx
Send Message
View as an RSS Feed
View fxfx's Comments BY TICKER:
Latest  |  Highest rated
  • Sears: Member Sales Declining, Online And Cross Channel Growth Slows [View article]
    Sorry, the sentence should read (and that's crucial!): they are now included in THE REPORTING OF the fairholme funds' holding.
    Mar 30, 2015. 12:06 PM | Likes Like |Link to Comment
  • Sears: Member Sales Declining, Online And Cross Channel Growth Slows [View article]
    Ruby, you simply do not understand what is written in those filings that is obvious by now. You refute your own statements with those links - without even recognizing it because you simply don't understand what's written there in plain English.
    the 841,300 shares are all still there. and they have not been transferred to the fairholme public funds; they just get reported alongside them. That's why there is everywhere this special sentence included, that you even cited - but without even remotely understanding it, obviously:

    " 2. The securities reported include a total of 841,300 securities held in a family partnership and a private foundation. These securities were previously reported under the Reporting Person's direct ownership. These securities were not involved in any transaction(s) reflected on this Form 4."

    Read that again and again and think over it, rubyboy.
    Mar 30, 2015. 12:04 PM | Likes Like |Link to Comment
  • Sears: Member Sales Declining, Online And Cross Channel Growth Slows [View article]
    Sedric, berkowitz has been frequently selling SHLD shares from the fairholme funds. my take on it is that he has redemptions and doesn't want his SHLD stake to exceed a certain threshold of his fund's assets. Can't prove it, of course but that's the logical explanation to me.
    As for the family trust: that's a big fat lie by ruby and you repeat it because you (and ruby) obviously don't really know how to read and interpret SEC filings. Bruce hasn't sold those shares. they are now included the fairholme funds' holding. And in order to distinguish them, you can find in all those filings that you linked the following sentences:

    "2. The securities reported include a total of 841,300 securities held in a family partnership and a private foundation. These securities were previously reported under the Reporting Person's direct ownership. These securities were not involved in any transaction(s) reflected on this Form 4."

    Which means that all those 841,300 shares are still there among the 26 million total shares that all the various fairholme funds own. And they have been there for all those weeks. not a single share was sold so far. But of course, you have to read and to understand those SEC documents- as opposed to spin them. Got that?
    Mar 30, 2015. 12:00 PM | Likes Like |Link to Comment
  • Sears: Member Sales Declining, Online And Cross Channel Growth Slows [View article]
    Sedric, I suggest you check those claims with AMZN's published numbers which have gotten uglier and uglier over the past quarters. If they were so cash flow positive - how come that their debts have rissen sharply, profits are almost non-existant and margins )gross and net) have deteriorated?
    Mar 30, 2015. 11:48 AM | Likes Like |Link to Comment
  • Sears: Member Sales Declining, Online And Cross Channel Growth Slows [View article]
    @elephant: WTF are you talking?? stock-based compensation does NOT affect cash flow?? Quite to the contrary! It does affect cash flow - and to the hilt! That's why it's so widely used ! You pay employees and upper mgmt with stock options (no cash leaves the company) instead of cash (in the latter case you have to pay out cash!) Imagine a company, that pays 100% of the salary in its own stock. They would incur ZERO expenses for wages!

    "Without stock-based compensation, Amazon would have made over $1 billion in each of the last two years. " LOL, yeah, exactly! Without paying any wages they would have made many billions more. Sorry to say that, but with that commentary I cannot take you serious anymore as an "analyst". One could argue about the sense or nonsense of stock-based compensation and its different treatment under GAAP and non-GAAP all day long, for sure. But you can't deny that it considerably boosts "profits" (the fictitious non-GAAP variety at least) and saves cash for the time being (hence artificially improves cash flow).
    Mar 30, 2015. 11:44 AM | Likes Like |Link to Comment
  • Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich And Simon Property Group [View article]
    Yeah, right, having a couple of different options in a certain situation is of course worse than having just one path to follow. LOL. But yeh, berkowitz is "spinning things" - not a bunch of desperate shorts here who try to find any negative they can get their hands on. And sometimes by following a rather bizarre 'logic'.
    Mar 30, 2015. 10:19 AM | Likes Like |Link to Comment
  • Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich And Simon Property Group [View article]
    Utter nonsense, Sedric. First, this is pure speculation by you (and ruby boy) Second, the by far largest chunk of Berkowitz' personal wealth is in Fairholme funds - he has been stating that for years and years and there is no reason to expect that this has suddenly changed. So if he sold - what some 700k shares of SHLD - he would be still much more exposed to Sears via his stake in Fairholme funds.
    Mar 30, 2015. 10:16 AM | Likes Like |Link to Comment
  • Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich And Simon Property Group [View article]
    Citing Jim Cramer as a witness to the bear case. LOL. A dream come true for any SHLD bull, that's for sure.
    Mar 28, 2015. 01:23 PM | 1 Like Like |Link to Comment
  • Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich And Simon Property Group [View article]
    Imho Berkowitz cannot really buy much more Sears stock. Fairholme owns already close to 25 % of the company. There are limits as to how much of a company a mutual fund company is allowed to own. The frequent buying and selling of SHLD stock over the past few months imho is related to keeping the ownership level below a certain treshold.
    Mar 28, 2015. 01:21 PM | Likes Like |Link to Comment
  • Sears' REIT Proceeds Should Buy It 2 More Years Of Life [View article]
    Lol, ruby boy, now you are starting to get comical, indeed: "SHC has the ability to exit 80% of its lease agreements in the next four years. "

    Gee, genius, that is obviously not the same thing as "SHC HAS TO exit 80% of its lease agreements in the next four years. " - which is what you made out of it.

    Better go back to fishing in the mud, no? LOL
    Mar 28, 2015. 04:42 AM | 1 Like Like |Link to Comment
  • Sears' REIT Proceeds Should Buy It 2 More Years Of Life [View article]
    rube, to repeatedly characterize a so far highly successful investment manager as an idiot (what you have resorted to now on a daily basis) just because you don't agree with him has nothing to do with facts. That is bashing and name calling - and as I said, a display of despair and arrogance on your part.

    If you want a respectful, fact-based conversation you should first adhere to basic principles of human social interaction and stop spreading your vitriol and personal attacks.
    Then you could come clean on your false claims that you are not short SHLD. You are - to the hilt. Everybody can read that from your desperate, continuous postings.
    And finally, I have a simple question to you: Did you dig up files, documents and tax records about every real estate piece that SHLD owns or has long term leases on? Or at least about the 50 % most important of them? Yes or no?
    Mar 27, 2015. 09:23 PM | 1 Like Like |Link to Comment
  • Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich And Simon Property Group [View article]
    elephant, do you really expect that FAIRX presents all their proprietary research to everybody for free? You can assume substantial efforts, time and money went into that research. Why should they give it away? Just to disprove market-moving heavyweights like you and ruby-boy?
    Mar 27, 2015. 05:54 AM | 1 Like Like |Link to Comment
  • Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich And Simon Property Group [View article]
    Ruby boy and his now daily name-calling. A continuous display of utter arrogance and desperation . Better stick to fishing, before you lose all your savings with your SHLD-shorts.
    Mar 27, 2015. 05:52 AM | Likes Like |Link to Comment
  • Sears' REIT Proceeds Should Buy It 2 More Years Of Life [View article]
    Of course ruby boy, whatever investments you put your money into, they do always go up in a straight line without setbacks, until eternity or until you sell them - whatever comes first. The boatloads of arrogance that spring from almost every posting that you do is such a clear sign of desperation and insecurity - despite all the facts, SEC filings and speculations/ accusations and judgments that you post about Sears, Lampert and Berkowitz. How does that feel, shortie, that the stock simply refuses to do what you want it to do so badly?
    You may be good at digging out hundreds of pieces about SHLD but you still have no clue because you can't get the most important parts of the story right. A year or two from now you will likely be doing the same, only more desperate because the stock will still defy you and will likely be significantly higher than today.
    Do you really think that any sane person with an IQ greater than room temperature believes your claims that you have no skin in the game with Sears, when this is the company that you keep posting about and bashing almost daily? About 1100 comments out of your 1.500 something in total?
    Mar 27, 2015. 05:39 AM | 1 Like Like |Link to Comment
  • Sears: Member Sales Declining, Online And Cross Channel Growth Slows [View article]
    Yeah ruby, got it. Your arrogance gets annoying. And then you shorten the sentences as you see fit. " These securities were not involved in any transaction". Except that you forgot to mention the rest: "reflected on this form 4". So they may have been involved in other transactions on other dates. Got it?
    By the way, ruby boy, what are your investment returns - compared to FAIRX over the past 15 years? I mean, real ones. Not paper trading.
    Oh, and how many SHLD stock are you short by now?

    You can point out as much as you want that berkowitz had a rather bad performance over the past 2 and 5 years. While that is a fact, it doesn't mean much to me. The long term is what counts. If and when AIG, BAC and SHLD rise to their fair values, FAIRX will have monster gains. While you can rest assured that "the market" (i.e. the S&P500) will likely prdouce a 0-1 % annual return at best for the next 7-10 years, on average.
    Mar 27, 2015. 05:09 AM | Likes Like |Link to Comment
COMMENTS STATS
1,045 Comments
1,290 Likes